NorthStar Realty Finance Corp's Series D Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 11/3/16, NorthStar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock (NRF.PRD) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 11/15/16. As a percentage of NRF.PRD's recent share price of $26.74, this dividend works out to approximately 1.99%, so look for shares of NRF.PRD to trade 1.99% lower — all else being equal — when NRF.PRD shares open for trading on 11/3/16. On an annualized basis, the current yield is approximately 7.94%, which compares to an average yield of 6.83% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, NRF.PRD was trading at a 7.12% premium to its liquidation preference amount, versus the average premium of 3.42% in the "Real Estate" category. The chart below shows the one year performance of NRF.PRD shares, versus NRF:

Performance Comparison Chart

Below is a dividend history chart for NRF.PRD, showing historical dividends prior to the most recent $0.5312 on NorthStar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock:

NRF.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, NorthStar Realty Finance Corp ( NRF) makes up 1.21% of the PowerShares Russell Midcap Pure Value Portfolio ETF (PXMV) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, NorthStar Realty Finance Corp's 8.500% Series D Cumulative Redeemable Preferred Stock ( NRF.PRD) is currently off about 0.1% on the day, while the common shares ( NRF) are trading flat.

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