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NEW YORK ( TheStreet) -- The ex-dividend date for Newcastle Investment Corporation (NYSE: NCT) is tomorrow, March 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $6.70 as of 9:30 a.m. ET, the dividend yield is 12.1%. The average volume for Newcastle Investment has been 830,100 shares per day over the past 30 days. Newcastle Investment has a market cap of $529 million and is part of the financial sector and real estate industry. Shares are up 42.4% year to date as of the close of trading on Tuesday. Operates as a REIT investing in credit-sensitive real estate securities, including commercial and residential mortgage-backed securities and unsecured REIT debt, mostly rated BBB or BB, which it seeks to match with liabilities with respect to interest rates and maturities. The company has a P/E ratio of 2.1, below the S&P 500 P/E ratio of 17.7.