NEW YORK, Nov. 1, 2012 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) ("NorthStar") today announced that its Board of Directors has declared a cash dividend of $0.17 per share of common stock, payable with respect to the quarter ended September 30, 2012, representing a 70% increase over the last five quarters. The dividend is expected to be paid on November 16, 2012 to shareholders of record as of the close of business on November 12, 2012. NorthStar's common shares will begin trading ex-dividend on November 7, 2012. About NorthStar Realty Finance Corp. NorthStar Realty Finance Corp. is a diversified commercial real estate investment and asset management company that is organized as a REIT. SOURCE NorthStar Realty Finance Corp.