On 12/16/16, 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 1/31/17. As a percentage of NCT.PRC's recent share price of $24.62, this dividend works out to approximately 2.04%, so look for shares of NCT.PRC to trade 2.04% lower — all else being equal — when NCT.PRC shares open for trading on 12/16/16. On an annualized basis, the current yield is approximately 8.17%, which compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, NCT.PRC was trading at a 1.52% discount to its liquidation preference amount. The chart below shows the one year performance of NCT.PRC shares, versus NCT: 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: In Wednesday trading, Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock ( NCT.PRC) is currently trading flat on the day, while the common shares ( NCT) are trading flat.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Jim Cramer: Don't Play Earnings Season, Invest in It
Here are my five rules for handling earnings season.
JPMorgan Is Bullish on the S&P 500's Second-Half Performance
JPMorgan raised its S&P price target to 3,200 from 3,000.
Amazon Workers Strike on Prime Day to Protest Working Conditions
Employees in several countries say that plans to introduce one-day shipping later this year will put undue strain on fulfillment centers.
Is Twitter Finally Ready to Make a Move to the Upside? Check Before Retweeting
Let's check out the latest charts and indicators.
Amazon's Getting Hotter, but Watch for Small Dips to Dive in
Amazon appears primed to head higher, but traders and investors may have an opportunity to buy shares anywhere from 2% to 5% lower before the rise.