NEW YORK, Feb. 26, 2014 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) ("NorthStar") today announced that its Board of Directors has declared a cash dividend of $0.25 per share of common stock, payable with respect to the quarter ended December 31, 2013, representing a 19% increase over the prior quarter and a 150% increase over the last ten quarters. The dividend is expected to be paid on March 14, 2014 to shareholders of record as of the close of business on March 10, 2014. NorthStar's common shares will begin trading ex-dividend on March 6, 2014. 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. NorthStar recently announced a plan to spin-off its asset management business into a separate public company. For more information about NorthStar, please visit www.nrfc.com. SOURCE NorthStar Realty Finance Corp.