Seeking Alpha

Newcastle declares $0.10 dividend in first Q since NRZ spinoff

Newcastle Investment (NCT) declares a quarterly dividend of $0.10 per share in the first full quarter of operations since the New Residential (NRZ) spinoff.

This quarter's $0.10 is consistent with the $0.17 payout in place before the divestment.

Annualized, it's a 6.9% yield based on last night's close of $5.80.

The cut looks like it was enough to scare someone as shares slip 1.7% premarket to $5.70.

Press release.

Comments (4)
  • William Rudder
    , contributor
    Comments (383) | Send Message
    Didn't scare me.
    20 Sep 2013, 10:00 AM Reply Like
  • Javimanic
    , contributor
    Comments (288) | Send Message
    NCT and RSO are my "special agent" reits....quietly doing the work while my Mreits make alot of noise and headlines. I think I might need more NCT and less drama.
    20 Sep 2013, 10:51 AM Reply Like
  • Exquisite Decay
    , contributor
    Comments (265) | Send Message
    Anxious to see how the spin-off of NewMedia plays out. Adding to my NCT position is on hold until the dates and details of that deal are more firm.
    21 Sep 2013, 02:02 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6062) | Send Message
    Great! Now I can buy more shares of (NCT) ahead of its planned spinoff of its media business.


    And at $5.70 a share, you can buy several hundred shares.
    21 Sep 2013, 03:13 PM Reply Like
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