Redwood Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Redwood Trust (NYSE:RWT) announced it will pay a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 16 cents lower. Shareholders who own RWT as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 18, 2023 | 2:45 pm
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NEGATIVE IMPACT
Redwood Trust's announcement of a 16 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. Therefore, Redwood Trust's stock price is likely to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100