NorthStar Realty Finance Increases Dividend

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NorthStar Realty Finance has declared its latest quarterly dividend. For its Q4 completed at the end of last year, the company is to pay $0.18 per share of its common stock on March 1 to shareholders of record as of the end of Feb. 25. The new dividend represents a 6% increase over the last disbursement, which stood at $0.17 and was paid last November.

The increase represents the sixth straight boost in the company's quarterly disbursement, from a base of $0.10 per share distributed in August 2011.

NorthStar's new payout annualizes to $0.72, yielding just under 9% on the current share price of $8.08.


The company is to unveil its Q4 results in a conference call tomorrow morning.

The article NorthStar Realty Finance Increases Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in NorthStar Realty Finance. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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