Redwood Trust, Inc. (RWT) to Issue Quarterly Dividend of $0.18 on June 30th

Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.18 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date is Tuesday, June 23rd.

Redwood Trust has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Redwood Trust has a payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Redwood Trust to earn $1.34 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 53.7%.

Redwood Trust Trading Up 1.3%

Redwood Trust stock opened at $5.25 on Friday. The company has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.66. Redwood Trust has a 52 week low of $5.00 and a 52 week high of $6.97. The company has a debt-to-equity ratio of 28.42, a quick ratio of 59.63 and a current ratio of 59.63. The firm has a market capitalization of $656.78 million, a price-to-earnings ratio of -6.72 and a beta of 1.37.

About Redwood Trust

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.