Redwood ( (RWT) ) has issued an announcement.
Redwood Trust, Inc. announced an increase in their third quarter 2024 common stock dividend to $0.17 per share, marking their 101st consecutive payout, showcasing the company’s financial robustness and optimistic future outlook. Additionally, they declared a Series A preferred stock dividend of $0.625 per share, demonstrating their commitment to rewarding shareholders and generating long-term value, especially as they anticipate favorable macroeconomic conditions to enhance their mortgage banking operations and investment portfolio value.
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