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Ex-Div Reminder for NorthStar Realty Finance Corp's Series B Cumulative Redeemable Preferred Stock


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On 11/3/16, NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (Symbol: NRF.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 11/15/16. As a percentage of NRF.PRB's recent share price of $25.27, this dividend works out to approximately 2.04%, so look for shares of NRF.PRB to trade 2.04% lower - all else being equal - when NRF.PRB shares open for trading on 11/3/16. On an annualized basis, the current yield is approximately 8.18%, which compares to an average yield of 6.83% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of NRF.PRB shares, versus NRF:

Performance Comparison Chart

Below is a dividend history chart for NRF.PRB, showing historical dividends prior to the most recent $0.5156 on NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock:

NRF.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, NorthStar Realty Finance Corp (Symbol: NRF) makes up 1.21% of the PowerShares Russell Midcap Pure Value Portfolio ETF ( PXMV ) which is trading lower by about 0.9% on the day Tuesday.

In Tuesday trading, NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (Symbol: NRF.PRB) is currently up about 0.2% on the day, while the common shares (Symbol: NRF) are down about 1.4%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: PXMV ,


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