On 12/26/13, 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 1/31/14. As a percentage of NCT.PRC's recent share price of $25.24, this dividend works out to approximately 1.99%, so look for shares of NCT.PRC to trade 1.99% lower — all else being equal — when NCT.PRC shares open for trading on 12/26/13. On an annualized basis, the current yield is approximately 7.97%, which compares to an average yield of 7.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Reminder: Newcastle Investment Corp's Series C Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts