New Residential Investment's Series A Preferred Stock Crosses Above 9.5% Yield Territory
May 06, 2020 at 14:04 PM EDT
In trading on Wednesday, 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 9.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $19.61 on the day.