Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Monday, September 13th, RTT News reports. Shareholders of record on Thursday, September 23rd will be paid a dividend of 0.21 per share by the real estate investment trust on Thursday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.66%. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.18.
Redwood Trust has decreased its dividend by 35.3% over the last three years.
Shares of RWT opened at $12.61 on Wednesday. The company has a 50 day moving average price of $12.14 and a 200-day moving average price of $11.38. Redwood Trust has a fifty-two week low of $7.11 and a fifty-two week high of $12.73. The stock has a market capitalization of $1.43 billion, a PE ratio of 4.47 and a beta of 0.97. The company has a debt-to-equity ratio of 6.97, a quick ratio of 6.63 and a current ratio of 6.63.
About Redwood Trust
Redwood Trust, Inc is a financial company, which focuses on several distinct areas of housing credit. It operates through the segments: Residential Lending, Business Purpose Lending, Third-Party Investments, and Corporate. The Residential Lending segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer into the investment portfolio.
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