NEW YORK, NY, May 1, 2013 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) ("NorthStar") today announced that its Board of Directors has declared a cash dividend of $0.19 per share of common stock, payable with respect to the quarter ended March 31, 2013, representing a 90% increase over the last seven quarters. The dividend is expected to be paid on May 17, 2013 to shareholders of record as of the close of business on May 13, 2013. NorthStar's common shares will begin trading ex-dividend on May 9, 2013. About NorthStar Realty Finance Corp. NorthStar Realty Finance Corp. is a diversified commercial real estate investment and asset management company that is organized as an internally managed REIT. For more information about NorthStar Realty Finance Corp., please visit www.nrfc.com. SOURCE NorthStar Realty Finance Corp.