Newcastle declares $0.10 dividend in first Q since NRZ spinoff

|By:, SA News Editor

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.