Newcastle Investment's Series C Preferred Stock Shares Cross 8.5% Yield Mark
September 10, 2015 at 14:21 PM EDT
In trading on Thursday, shares of Newcastle Investment Corp's 8.05% Series C Cumulative Redeemable Preferred Stock (NCT. RC) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0125), with shares changing hands as low as $23.10 on the day.