Markets

Ex-Div Reminder for NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock

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Shutterstock photo

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On 8/4/16, 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 8/15/16. 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 8/4/16. On an annualized basis, the current yield is approximately 8.16%, which compares to an average yield of 6.81% 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 1.07% of the PowerShares Russell Midcap Pure Value Portfolio ETF ( PXMV ) which is trading lower by about 1.4% 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 trading flat on the day, while the common shares (Symbol: NRF) are down about 1.9%.

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.


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