Newcastle Investment Corp. (NYSE: NCT) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per common share for the first quarter of 2013. The dividend is payable on April 30, 2013 to shareholders of record on March 25, 2013.
The Board of Directors also declared dividends on the Company's Series B, Series C and Series D preferred stock for the period beginning February 1, 2013 and ending April 30, 2013. The dividends are payable on April 30, 2013 to shareholders of record on March 25, 2013. 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.
Newcastle Investment Corp. focuses on opportunistically investing in, and actively managing, real estate related assets. The Company primarily invests in two distinct areas: (1) Residential Servicing and Securities and (2) Commercial Real Estate Debt and Other Assets. The Company is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. The Company is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm.
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