NEW YORK, July 31, 2013 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) ("NorthStar") today announced that its Board of Directors has declared a cash dividend of $0.20 per share of common stock, payable with respect to the quarter ended June 30, 2013, representing a 100% increase over the last eight quarters. The dividend is expected to be paid on August 16, 2013 to shareholders of record as of the close of business on August 12, 2013. NorthStar's common shares will begin trading ex-dividend on August 8, 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.