On 3/21/14, 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 4/30/14. As a percentage of NCT.PRC's recent share price of $25.20, 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 3/21/14. On an annualized basis, the current yield is approximately 7.97%, which compares to an average yield of 7.00% in the "REITs" preferred stock category, according to Preferred Stock Channel.
Newcastle Investment Corp's Series C Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
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