New Residential Investment's Series A Preferred Stock Yield Pushes Past 7.5%
January 27, 2022 at 14:18 PM EST
In trading on Thursday, 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 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.99 on the day.