Northstar Realty Finance Stock To Go Ex-dividend Tomorrow (NRF)

NEW YORK ( TheStreet) -- The ex-dividend date for Northstar Realty Finance Corporation (NYSE: NRF) is tomorrow, May 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $5.52 as of 9:30 a.m. ET, the dividend yield is 10.8%.

The average volume for Northstar Realty Finance has been 1.5 million shares per day over the past 30 days. Northstar Realty Finance has a market cap of $628 million and is part of the financial sector and real estate industry. Shares are up 15.7% year to date as of the close of trading on Tuesday.

Operates as an internally-managed commercial real estate company that makes fixed income, structured finance and net lease investments in real estate assets. The company intends to qualify as a REIT.

TheStreet Ratings rates Northstar Realty Finance as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Northstar Realty Finance Ratings Report.

See our dividend calendar or top-yielding stocks list.
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