Ex-Div Reminder for NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock
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:
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:
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%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.