On 10/20/16, Newcastle Investment Corp's 8.375% Series D Cumulative Redeemable Preferred Stock (NCT.PRD) will trade ex-dividend, for its quarterly dividend of $0.5234, payable on 10/31/16. As a percentage of NCT.PRD's recent share price of $25.27, this dividend works out to approximately 2.07%, so look for shares of NCT.PRD to trade 2.07% lower — all else being equal — when NCT.PRD shares open for trading on 10/20/16. On an annualized basis, the current yield is approximately 8.28%, 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.PRD was trading at a 1.16% premium to its liquidation preference amount, versus the average premium of 3.37% 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 dividends prior to the most recent $0.5234 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 off about 0.1% on the day, while the common shares ( NCT) are up about 0.2%.