On 6/20/14, 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 7/31/14. As a percentage of NCT.PRC's recent share price of $25.35, this dividend works out to approximately 1.98%, so look for shares of NCT.PRC to trade 1.98% lower — all else being equal — when NCT.PRC shares open for trading on 6/20/14. On an annualized basis, the current yield is approximately 7.94%, which compares to an average yield of 6.61% in the "REITs" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Newcastle Investment Series C Cumulative Redeemable Preferred Stock
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