Chronicle Journal: Finance

New Residential Investment's Series A Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Friday, shares of New Residential Investment Corp's 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NRZ. RA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $21.75 on the day.
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