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

Redwood Trust, Inc. (NYSE:RWT) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.18 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 20.0%. The ex-dividend date is Wednesday, September 23rd.

Redwood Trust has decreased its dividend by an average of 0.0%annually 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 decline. Equities research analysts expect Redwood Trust to earn $1.14 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 63.2%.

Redwood Trust Stock Down 15.5%

Shares of NYSE RWT traded down $0.66 during trading hours on Thursday, hitting $3.60. The company had a trading volume of 42,842,443 shares, compared to its average volume of 2,112,238. Redwood Trust has a 1-year low of $3.22 and a 1-year high of $6.97. The company has a quick ratio of 67.49, a current ratio of 67.49 and a debt-to-equity ratio of 31.69. The firm’s 50 day moving average is $4.74 and its 200-day moving average is $5.25. The stock has a market capitalization of $452.20 million, a P/E ratio of -89.98 and a beta of 1.37.

Redwood Trust (NYSE:RWT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Redwood Trust had a net margin of 0.42% and a return on equity of 16.02%. The business had revenue of $56.01 million for the quarter, compared to the consensus estimate of $89.45 million. On average, analysts expect that Redwood Trust will post 1.03 earnings per share for the current fiscal year.

Redwood Trust Company Profile

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.