On 3/25/15, 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 4/30/15. As a percentage of NCT.PRD's recent share price of $25.50, this dividend works out to approximately 2.05%, so look for shares of NCT.PRD to trade 2.05% lower — all else being equal — when NCT.PRD shares open for trading on 3/25/15. On an annualized basis, the current yield is approximately 8.21%, which compares to an average yield of 6.83% 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 2.00% premium to its liquidation preference amount.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

In Monday trading, Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock ( NCT.PRD) is currently trading flat on the day, while the common shares ( NCT) are up about 0.2%.