On 2/6/14, Northstar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock (NRF.PRD) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 2/18/14. As a percentage of NRF.PRD's recent share price of $24.57, this dividend works out to approximately 2.16%, so look for shares of NRF.PRD to trade 2.16% lower — all else being equal — when NRF.PRD shares open for trading on 2/6/14. On an annualized basis, the current yield is approximately 8.65%, which compares to an average yield of 7.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, NRF.PRD was trading at a 1.76% discount to its liquidation preference amount. The chart below shows the one year performance of NRF.PRD shares, versus NRF:
Below is a dividend history chart for NRF.PRD, showing historical dividends prior to the most recent $0.5312 on Northstar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Northstar Realty Finance Corp (NRF) makes up 5.97% of the iShares Mortgage Real Estate Capped ETF (REM) which is trading relatively unchanged on the day Tuesday.