New Residential Investment's Series B Preferred Stock Shares Cross 9.5% Yield Mark
July 14, 2020 at 15:35 PM EDT
In trading on Tuesday, shares of New Residential Investment Corp's 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NRZ. RB) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $18.41 on the day.
