Redwood Trust, Inc. (NYSE:RWT) Plans Quarterly Dividend of $0.18

by · The Cerbat Gem

Redwood Trust, Inc. (NYSE:RWT – Get Free Report) declared a quarterly dividend on Monday, December 8th. Investors of record on Tuesday, December 23rd will be given a dividend of 0.18 per share by the real estate investment trust on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Redwood Trust has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Redwood Trust has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Redwood Trust to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 80.0%.

Redwood Trust Price Performance

Shares of Redwood Trust stock opened at $5.52 on Tuesday. The company has a current ratio of 57.77, a quick ratio of 57.77 and a debt-to-equity ratio of 22.73. Redwood Trust has a 12 month low of $4.68 and a 12 month high of $7.19. The business’s 50-day moving average price is $5.47 and its 200-day moving average price is $5.74. The firm has a market capitalization of $698.64 million, a PE ratio of -6.81 and a beta of 1.59.

Redwood Trust (NYSE:RWT – Get Free Report) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Redwood Trust had a negative net margin of 8.62% and a positive return on equity of 9.19%. The company had revenue of $54.37 million during the quarter, compared to analyst estimates of $31.04 million. Sell-side analysts forecast that Redwood Trust will post 0.78 EPS for the current fiscal year.

Redwood Trust Company Profile

(Get Free Report)

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.

See Also