On 9/26/13, Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock (NCT.PRC) will trade ex-dividend, for its quarterly dividend of $0.5031, payable on 10/31/13. As a percentage of NCT.PRC's recent share price of $25.15, this dividend works out to approximately 2.00%, so look for shares of NCT.PRC to trade 2.00% lower — all else being equal — when NCT.PRC shares open for trading on 9/26/13. On an annualized basis, the current yield is approximately 8.01%, which compares to an average yield of 7.50% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, NCT.PRC was trading at a 0.60% premium to its liquidation preference amount. The chart below shows the one year performance of NCT.PRC shares, versus NCT:
Below is a dividend history chart for NCT.PRC, showing historical dividends prior to the most recent $0.5031 on Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Newcastle Investment Corp (NCT) makes up 3.60% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Wednesday.