Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Newcastle Investment Corporation (NYSE: NCT) is tomorrow, June 11, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $5.66 as of 9:31 a.m. ET, the dividend yield is 12.3%. The average volume for Newcastle Investment has been 10.3 million shares per day over the past 30 days. Newcastle Investment has a market cap of $1.4 billion and is part of the financial sector and real estate industry. Shares are down 35.9% year to date as of the close of trading on Friday. Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. The company has a P/E ratio of 2.3, below the S&P 500 P/E ratio of 17.7.
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