Redwood Trust (RWT) Raises Quarterly Dividend 7.1% to $0.30; 7.2% Yield

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Go back to Redwood Trust (RWT) Raises Quarterly Dividend 7.1% to $0.30; 7.2% Yield

Redwood Trust Announces Dividend Increase Of 7% For The Second Quarter Of 2018

May 22, 2018 9:00 AM EDT

MILL VALLEY, Calif., May 22, 2018 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced its Board of Directors has declared a 7% increase in the company's quarterly common stock dividend to $0.30 per share for the second quarter of 2018, up from $0.28 per share.  This also marks the company's 76th consecutive quarterly dividend.  The second quarter 2018 dividend is payable on June 29, 2018 to stockholders of record on June 15, 2018.

"We are pleased to increase the dividend we pay to our shareholders," said Christopher J. Abate, President... More