New Residential Investment's Series B Preferred Stock Yield Pushes Past 8.5%
October 14, 2020 at 14:30 PM EDT
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.