NEW YORK--(BUSINESS WIRE)--Newcastle Investment Corp. (the “Company”; NYSE:NCT) announced today that its Board of Directors has declared a cash dividend on its common stock of $0.12 per share for the quarter ending September 30, 2016. The dividend is payable on October 31, 2016 to shareholders of record on October 24, 2016.
The Board of Directors also declared dividends on the Company's preferred stock for the period beginning August 1, 2016 and ending October 31, 2016. The dividends are payable on October 31, 2016 to shareholders of record on October 24, 2016. The Company will pay dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.
Newcastle focuses on investing in, and actively managing, real estate related assets, including traditional and innovative golf assets. Newcastle conducts its operations to qualify as a REIT for federal income tax purposes. Newcastle is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm.