New Residential Investment (NRZ) Raises Quarterly Dividend 50% to $0.15; 8% Yield

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Go back to New Residential Investment (NRZ) Raises Quarterly Dividend 50% to $0.15; 8% Yield

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

September 23, 2020 4:15 PM EDT

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

We are pleased to announce a common stock dividend increase for the second consecutive quarter, said Michael Nierenberg, Chairman, Chief Executive Officer and President of New Residential. We believe the 50% increase this quarter to our common stock dividend reflects our confidence in the potential earnings power of our Company and our commitment to driving shareholder value.

Common Stock Dividend

The Board declared a quarterly dividend of... More