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Redwood ( (RWT) ) has provided an update.
Redwood Trust announced a 5.9% increase in its fourth quarter 2024 regular common stock dividend, raising it to $0.18 per share, marking the company’s second consecutive quarterly dividend increase. This decision reflects the company’s commitment to providing attractive risk-adjusted returns to shareholders and aligns with its long-term objectives, while also maintaining a Series A preferred stock dividend of $0.625 per share.
More about Redwood
Redwood Trust, Inc. is a specialty finance company that focuses on housing credit sectors not well-served by government programs. It provides liquidity through securitization platforms, whole-loan distribution activities, and offers publicly traded shares. The company operates across three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. Redwood Trust aims to deliver attractive returns to shareholders with a focus on earnings, dividends, and technological innovation, operating as a real estate investment trust (REIT) for tax purposes.
YTD Price Performance: 1.02%
Average Trading Volume: 827,794
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $920.6M
See more data about RWT stock on TipRanks’ Stock Analysis page.
