• Northstar Realty Finance Series B Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

    Source: Forbes - Markets / 05 Nov 2013 13:47:56   America/New_York

    On 11/6/13, Northstar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE: NRF.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 11/15/13. As a percentage of NRF.PRB's recent share price of $23.86, this dividend works out to approximately 2.16%, so look for shares of NRF.PRB to trade 2.16% lower ? all else being equal ? when NRF.PRB shares open for trading on 11/6/13. On an annualized basis, the current yield is approximately 8.61%, which compares to an average yield of 7.54% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » http://www.forbes.com/sites/dividendchannel/2013/11/05/northstar-realty-finance-series-b-cumulative-redeemable-preferred-stock-about-to-put-more-money-in-your-pocket/
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