Newcastle Increases Third Quarter Common Stock Dividend to $0.22 per share and Declares Preferred Stock Dividends
Newcastle Investment (NYSE: NCT) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share for the third quarter of 2012, representing a 10% increase from the prior quarter's dividend of $0.20 per common share. The dividend is payable on October 31, 2012 to shareholders of record on October 1, 2012.
The Board of Directors also declared dividends on the Company's Series B, Series C and Series D preferred stock for the period beginning August 1, 2012 and ending October 31, 2012. The dividends are payable on October 31, 2012 to shareholders of record on October 1, 2012. The Company will pay total dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.75% Series B, 8.05% Series C and 8.375% Series D preferred stock, respectively.
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