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%.

More from Stocks

Kratos Is My Fave Defense Stock

Kratos Is My Fave Defense Stock

Verizon to Take Massive Charges From Employee Buyouts, Weakness at Oath

Verizon to Take Massive Charges From Employee Buyouts, Weakness at Oath

Wall Street Futures Jump Higher, Global Markets Rally on US-China Trade Progress

Wall Street Futures Jump Higher, Global Markets Rally on US-China Trade Progress

What to Expect From the Markets in 2019 According to an Abbott Downing Executive

What to Expect From the Markets in 2019 According to an Abbott Downing Executive

Tesla Bucks the Bear Trend, and Could Go Even Higher

Tesla Bucks the Bear Trend, and Could Go Even Higher