Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 9/25/14, Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock (NCT.PRD) will trade ex-dividend, for its quarterly dividend of $0.5234, payable on 10/31/14. As a percentage of NCT.PRD's recent share price of $25.78, this dividend works out to approximately 2.03%, so look for shares of NCT.PRD to trade 2.03% lower — all else being equal — when NCT.PRD shares open for trading on 9/25/14. On an annualized basis, the current yield is approximately 8.15%, which compares to an average yield of 7.42% in the "REITs" preferred stock category, according to Preferred Stock Channel.

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As of last close, NCT.PRD was trading at a 2.76% premium to its liquidation preference amount, versus the average premium of 0.61% in the "REITs" category. The chart below shows the one year performance of NCT.PRD shares, versus NCT:

Performance Comparison Chart

Below is a dividend history chart for NCT.PRD, showing historical dividends prior to the most recent $0.5234 on Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock:

NCT.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Newcastle Investment Corp ( NCT) makes up 3.52% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock ( NCT.PRD) is currently up about 0.3% on the day, while the common shares ( NCT) are trading flat.

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