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.
As of last close, NCT.PRC was trading at a 1.40% premium to its liquidation preference amount. The chart below shows the one year performance of NCT.PRC shares, versus NCT:
Below is a dividend history chart for NCT.PRC, showing historical dividends prior to the most recent $0.5031 on Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Newcastle Investment Corp (NCT) makes up 3.93% of the Mortgage REIT Income ETF (MORT) which is trading higher by about 0.5% on the day Thursday.