NEW YORK, May 7, 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 March 31, 2014. The dividend is expected to be paid on May 23, 2014 to shareholders of record as of the close of business on May 19, 2014. NorthStar's common shares will begin trading ex-dividend on May 15, 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.