Newcastle Investment's Series B Preferred Stock Crosses Above 9.5% Yield Territory
October 20, 2016 at 15:53 PM EDT
In trading on Thursday, shares of Newcastle Investment Corp's 9.75% Series B Cumulative Preferred Stock (NCT. RB) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.4375), with shares changing hands as low as $25.60 on the day.