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.
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