On 8/7/14, 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 8/15/14. As a percentage of NRF.PRB's recent share price of $25.06, this dividend works out to approximately 2.06%, so look for shares of NRF.PRB to trade 2.06% lower — all else being equal — when NRF.PRB shares open for trading on 8/7/14. On an annualized basis, the current yield is approximately 8.24%, which compares to an average yield of 6.54% in the "REITs" preferred stock category, according to Preferred Stock Channel.
As of last close, NRF.PRB was trading at a 0.16% premium to its liquidation preference amount, versus the average premium of 0.42% in the "REITs" category.
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 ETFChannel.com, NorthStar Realty Finance Corp (NYSE: NRF) makes up 4.68% of the Mortgage REIT Income ETF (MORT) which is trading higher by about 0.4% on the day Tuesday.
In Tuesday trading, NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE: NRF.PRB) is currently up about 0.1% on the day, while the common shares (NYSE: NRF) are up about 6.5%.
