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 March 31, 2016. The dividend is payable on April 29, 2016 to shareholders of record on April 8, 2016.
The Board of Directors also declared dividends on the Company's preferred stock for the period beginning February 1, 2016 and ending April 30, 2016. The dividends are payable on April 29, 2016 to shareholders of record on April 8, 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. 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.