Redwood Trust, Inc. (RWT) to Issue Quarterly Dividend of $0.18 on March 31st

Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.18 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Tuesday, March 24th.

Redwood Trust has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Redwood Trust has a payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Redwood Trust to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 80.0%.

Redwood Trust Price Performance

RWT opened at $5.38 on Friday. Redwood Trust has a 1 year low of $4.68 and a 1 year high of $6.97. The company has a debt-to-equity ratio of 24.34, a current ratio of 55.15 and a quick ratio of 55.15. The company has a market capitalization of $671.82 million, a price-to-earnings ratio of -8.81 and a beta of 1.55. The firm’s fifty day moving average price is $5.90 and its two-hundred day moving average price is $5.72.

Redwood Trust (NYSE:RWT) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Redwood Trust had a negative net margin of 5.93% and a positive return on equity of 12.00%. The firm had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $24.88 million. As a group, analysts anticipate that Redwood Trust will post 0.78 earnings per share for the current fiscal year.

About Redwood Trust

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.