Redwood Trust Boosts Common Dividend By 6.25% From $0.16 To $0.17 Per Share
Portfolio Pulse from Benzinga Newsdesk
Redwood Trust has announced a 6.25% increase in its common stock dividend, raising it from $0.16 to $0.17 per share. The dividend for the third quarter of 2024 will be payable on September 30, 2024, to stockholders of record on September 23, 2024.
September 11, 2024 | 8:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Redwood Trust has increased its quarterly dividend by 6.25%, signaling confidence in its financial health and potentially attracting income-focused investors.
The increase in dividend suggests that Redwood Trust is performing well financially, which is a positive signal to investors. This move may attract more income-focused investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100