On 5/8/14, Northstar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (NRF.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/15/14. As a percentage of NRF.PRB's recent share price of $25.08, this dividend works out to approximately 2.06%, so look for shares of NRF.PRB to trade 2.06% lower — all else being equal — when NRF.PRB shares open for trading on 5/8/14. On an annualized basis, the current yield is approximately 8.20%, which compares to an average yield of 7.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, NRF.PRB was trading at a 0.64% premium to its liquidation preference amount, versus the average premium of 0.65% in the "Real Estate" category. The chart below shows the one year performance of NRF.PRB shares, versus NRF:
Below is a dividend history chart for NRF.PRB, showing historical dividends prior to the most recent $0.5156 on Northstar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Northstar Realty Finance Corp (NRF) makes up 7.94% of the Mortgage REIT Income ETF (MORT) which is trading lower by about 0.5% on the day Tuesday.