Reminder: Northstar Realty Finance Corp's 8.5% Series D Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 2/6/14, Northstar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock (NRF.PRD) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 2/18/14. As a percentage of NRF.PRD's recent share price of $24.57, this dividend works out to approximately 2.16%, so look for shares of NRF.PRD to trade 2.16% lower — all else being equal — when NRF.PRD shares open for trading on 2/6/14. On an annualized basis, the current yield is approximately 8.65%, which compares to an average yield of 7.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, NRF.PRD was trading at a 1.76% discount to its liquidation preference amount.The chart below shows the one year performance of NRF.PRD shares, versus NRF:

Performance Comparison Chart

Below is a dividend history chart for NRF.PRD, showing historical dividends prior to the most recent $0.5312 on Northstar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock:

NRF.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Northstar Realty Finance Corp ( NRF) makes up 5.97% of the iShares Mortgage Real Estate Capped ETF (REM) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Northstar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock ( NRF.PRD) is currently trading flat on the day, while the common shares ( NRF) are trading flat.

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