Newcastle Investment's Series D Preferred Stock Shares Cross 9.5% Yield Mark

In trading on Tuesday, shares of Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock (NCT.PRD) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.0938), with shares changing hands as low as $21.91 on the day. This compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NCT.PRD was trading at a 11.00% discount to its liquidation preference amount, versus the average premium of 0.44% in the "Real Estate" 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 dividend payments on Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock:

NCT.PRD+Dividend+History+Chart

In Tuesday 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 0.9%.

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