% | $
Quotes you view appear here for quick access.

Newcastle Investment Corp. Message Board

  • treefortrichard treefortrichard Mar 8, 2013 10:57 AM Flag

    Seeking alpha article says dividend is going up 20.4% to $1.06/yr

    There is a seeking alpha article by Todd Johnson today that says the dividend is going to $0.265/quarter...any other sources for this?

    2nd try at posting this!!

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • As they go, Todd Johnson is a pretty good SA commentator. However, I think he overstates the case here. His info is pulled from a recent powerpoint presentation you can find on the NCT website under investor relations. In it, management says that the two companies post split, if they achieve projected results, "may" pay out this much. Nothing has been declared by the Board or announced, so I think presenting it as a done deal is jumping the gun. That said, I hope they are being conservative and will actually surpass the $1.06 on a runrate basis by yearend .

    • The author noted this info was from NCT's presentation (January ?) ...go to their homepage for presentation slides and listen may still be possible

4.59-0.03(-0.65%)Jun 30 4:02 PMEDT