Newcastle Declares Common Stock Dividend of $0.12 per Share and Preferred Stock Dividends for First Quarter 2015
NEW YORK--(BUSINESS WIRE)-- Newcastle Investment Corp. (the “Company”)(NYSE:NCT) announced today that its Board of Directors has declared a cash dividend on its common stock of $0.12 per share for the quarter ending March 31, 2015. The dividend is payable on April 30, 2015 to shareholders of record on March 27, 2015.
The Board of Directors also declared dividends on the Company's preferred stock for the period beginning February 1, 2015 and ending April 30, 2015. The dividends are payable on April 30, 2015 to shareholders of record on March 27, 2015. The Company will pay dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.
Newcastle focuses on investing in, and actively managing, real estate related assets. Newcastle conducts its operations to qualify as a REIT for federal income tax purposes. Newcastle is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm.
Newcastle Investment Corp.
Source: Newcastle Investment Corp.
Released March 16, 2015