On 7/20/16, Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock (NCT.PRC) will trade ex-dividend, for its quarterly dividend of $0.5031, payable on 7/29/16. As a percentage of NCT.PRC's recent share price of $25.42, this dividend works out to approximately 1.98%, so look for shares of NCT.PRC to trade 1.98% lower — all else being equal — when NCT.PRC shares open for trading on 7/20/16. On an annualized basis, the current yield is approximately 7.88%, which compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, NCT.PRC was trading at a 2.16% premium to its liquidation preference amount, versus the average premium of 4.37% in the "Real Estate" category. The chart below shows the one year performance of NCT.PRC shares, versus NCT:

Performance Comparison Chart

Below is a dividend history chart for NCT.PRC, showing historical dividends prior to the most recent $0.5031 on Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock:

NCT.PRC+Dividend+History+Chart

In Monday trading, Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock ( NCT.PRC) is currently down about 0.5% on the day, while the common shares ( NCT) are trading flat.