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

Redwood Trust, Inc. (NYSE:RWT) announced a quarterly dividend on Thursday, June 11th. Stockholders 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) annualized dividend and a dividend yield of 13.9%. 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 every year for the last 1 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 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 1.7%

NYSE:RWT opened at $5.20 on Friday. Redwood Trust has a 12 month low of $5.00 and a 12 month high of $6.97. The firm has a fifty day simple moving average of $5.53 and a 200-day simple moving average of $5.66. The company has a current ratio of 59.63, a quick ratio of 59.63 and a debt-to-equity ratio of 28.42. The company has a market capitalization of $650.52 million, a P/E ratio of -6.66 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.