Redwood Trust, Inc. (NYSE:RWT) announced a quarterly dividend on Monday, September 13th, RTT News reports. Shareholders of record on Thursday, September 23rd will be paid a dividend of 0.21 per share by the real estate investment trust on Thursday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.66%. This is a boost from Redwood Trust’s previous quarterly dividend of $0.18.
Redwood Trust has decreased its dividend payment by 35.3% over the last three years.
Shares of NYSE:RWT opened at $12.61 on Wednesday. The business’s fifty day moving average price is $12.14 and its two-hundred day moving average price is $11.38. Redwood Trust has a fifty-two week low of $7.11 and a fifty-two week high of $12.73. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 4.47 and a beta of 0.97. The company has a debt-to-equity ratio of 6.97, a current ratio of 6.63 and a quick ratio of 6.63.
Redwood Trust Company Profile
Redwood Trust, Inc is a financial company, which focuses on several distinct areas of housing credit. It operates through the segments: Residential Lending, Business Purpose Lending, Third-Party Investments, and Corporate. The Residential Lending segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer into the investment portfolio.
Further Reading: What are the Benefits of Index Funds?
Receive News & Ratings for Redwood Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwood Trust and related companies with MarketBeat.com's FREE daily email newsletter.