Newcastle Investment's Series B Preferred Stock Yield Pushes Past 9.5%

In trading on Friday, shares of Newcastle Investment Corp's 9.75% Series B Cumulative Preferred Stock (NCT.PRB) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.4375), with shares changing hands as low as $25.20 on the day. This compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NCT.PRB was trading at a 2.80% premium to its liquidation preference amount, versus the average premium of 3.64% in the "Real Estate" category.

The chart below shows the one year performance of NCT.PRB shares, versus NCT:

Performance Comparison Chart

Below is a dividend history chart for NCT.PRB, showing historical dividend payments on Newcastle Investment Corp's 9.75% Series B Cumulative Preferred Stock:

NCT.PRB+Dividend+History+Chart

In Friday trading, Newcastle Investment Corp's 9.75% Series B Cumulative Preferred Stock ( NCT.PRB) is currently down about 1.2% on the day, while the common shares ( NCT) are off about 1.7%.

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