Redwood Trust Declares Second Quarter 2024 Common and Preferred Dividends
11 Junio 2024 - 3:15PM
Business Wire
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the
“Company”), a leader in expanding access to housing for homebuyers
and renters, today announced that its Board of Directors (the
“Board”) has declared second quarter 2024 common and preferred
stock dividends.
Common Stock Dividend
The Board has authorized the declaration of a second quarter
2024 regular common stock dividend of $0.16 per share. This marks
the Company's 100th consecutive quarterly common dividend. The
second quarter 2024 common stock dividend is payable on June 28,
2024 to stockholders of record on June 21, 2024.
Preferred Stock Dividend
In accordance with the terms of Redwood’s 10.00% Series A
Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series
A”), the Board authorized the declaration of a Series A dividend
for the second quarter of 2024 of $0.625 per share. Dividends for
the Series A are payable on July 15, 2024 to stockholders of record
on July 1, 2024.
About Redwood
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company
focused on several distinct areas of housing credit where we
provide liquidity to growing segments of the U.S. housing market
not well served by government programs. We deliver customized
housing credit investments to a diverse mix of investors through
our best-in-class securitization platforms, whole-loan distribution
activities, and our publicly traded shares. We operate our business
in three segments: Residential Consumer Mortgage Banking,
Residential Investor Mortgage Banking and Investment Portfolio.
Through RWT Horizons®, our venture investing initiative, we invest
in early-stage companies that have a direct nexus to our operating
platforms. Additionally, through Aspire, our home equity investment
(“HEI”) platform, we directly originate HEI to homeowners. Our goal
is to provide attractive returns to shareholders through a stable
and growing stream of earnings and dividends, capital appreciation,
and a commitment to technological innovation that facilitates
risk-minded scale. Redwood Trust is internally managed and
structured as a real estate investment trust ("REIT") for tax
purposes. For more information about Redwood, please visit our
website at www.redwoodtrust.com or connect with us on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240611730364/en/
Kaitlyn Mauritz Head of Investor Relations Phone: 866-269-4976
Email: investorrelations@redwoodtrust.com
Redwood (NYSE:RWT)
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