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

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

New Residential Investment Corp. Declares Second Quarter 2020 Common and Preferred Stock Dividends

June 22, 2020 4:30 PM EDT

NEW YORK--(BUSINESS WIRE)-- New Residential Investment Corp. (NRZ, New Residential, the Company) announced today that its Board of Directors (the Board) has declared second quarter 2020 common and preferred stock dividends.

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,... More