On 5/7/15, 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 5/15/15. As a percentage of NRF.PRD's recent share price of $26.17, this dividend works out to approximately 2.03%, so look for shares of NRF.PRD to trade 2.03% lower — all else being equal — when NRF.PRD shares open for trading on 5/7/15. On an annualized basis, the current yield is approximately 8.11%, which compares to an average yield of 6.95% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, NRF.PRD was trading at a 4.84% premium to its liquidation preference amount, versus the average premium of 3.13% in the "Real Estate" category. The chart below shows the one year performance of NRF.PRD shares, versus NRF: 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: According to the ETF Finder at ETF Channel, NorthStar Realty Finance Corp ( NRF) makes up 2.70% of the PowerShares DWA Financial Momentum Portfolio ETF (PFI) 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 down about 0.2% on the day, while the common shares ( NRF) are trading flat.