Seeking Alpha

Newcastle Investment holds dividend steady

  • Newcastle's (NCT) quarterly payout of $0.10 per share is payable on April 30 to holders of record on March 25. The annualized yield is 8.5% based on Friday's close of $4.69.
  • Press release
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Comments (4)
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
    The problem is that you have to have 1000 shares if you want to get $100. But then again, I can't complain. (NCT) has spun off (NRZ) and (NEWM), creating more shareholder value.
    17 Mar, 07:44 AM Reply Like
  • crl1603
    , contributor
    Comments (194) | Send Message
    is maintaining the 10 cent distribution enough to halt the slide in the stock price and should it in fact rise?
    17 Mar, 09:26 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
    (NCT) has not slid that much. The fall in stock price was mostly due to the spinoffs of (NRZ) and (NEWM).
    17 Mar, 10:50 AM Reply Like
  • Len Friedman
    , contributor
    Comments (53) | Send Message
    We need to remain mindful of the possibility of spinning off the senior holdings into an IPO'd entity within itself. It's under discussion and I hope it happens. I've beefed up my positions considerably due to this possibility. Both NRZ and NEWM have rewarded beautifully and I trust the unitholder will be foremost in management's minds. NEWM is ahead 12.8% already---that's great!
    18 Mar, 08:23 PM Reply Like
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