Newcastle Investment's Series B Preferred Stock Shares Cross 9.5% Yield Mark
January 29, 2015 at 14:37 PM EST
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 $25.59 on the day.