On 8/7/14, NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE: NRF.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 8/15/14. As a percentage of NRF.PRB's recent share price of $25.06, this dividend works out to approximately 2.06%, so look for shares of NRF.PRB to trade 2.06% lower — all else being equal — when NRF.PRB shares open for trading on 8/7/14. On an annualized basis, the current yield is approximately 8.24%, which compares to an average yield of 6.54% in the "REITs" preferred stock category, according to Preferred Stock Channel.
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