Chronicle Journal: Finance

New Residential Investment's Series B Preferred Stock Yield Pushes Past 8.5%

In trading on Wednesday, 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 8.5% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $20.55 on the day.
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