New Residential Investment (NRZ) Raises Quarterly Dividend 100% to $0.10; 5.1% Yield

New Residential Investment (NYSE: NRZ) declared a quarterly dividend of $0.10 per share, or $0.40 annualized. This is a 100% increase from the prior dividend of $0.05. The dividend will be payable on July 31, 2020, to stockholders of record on July 2, 2020, with an ex-dividend date of July 1, 2020. The annual yield on the dividend is 5.1 percent.

“We are pleased to announce a common dividend increase for the second quarter of 2020,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of New Residential. “While the COVID-19 pandemic wreaked havoc on markets during the first quarter, we have seen strong improvement throughout the second quarter as government stimulus programs and positive market sentiment have helped stabilize markets. During the second quarter, our operating company has continued to perform well, non-agency asset values have increased, and we have meaningfully decreased the mark to market exposure of our portfolio. We are confident that our operating business and investment portfolio will continue to help create value for our shareholders.”

For a dividend history and other dividend-related data on New Residential Investment (NRZ) click here.

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