Redwood Trust, Inc. (NYSE:RWT – Get Free Report) announced a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.18 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 20.3%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Redwood Trust has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Redwood Trust has a dividend 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. Equities 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 Performance
RWT stock opened at $3.54 on Friday. The company has a debt-to-equity ratio of 31.69, a current ratio of 67.49 and a quick ratio of 67.49. The company has a 50 day moving average price of $4.70 and a 200 day moving average price of $5.22. Redwood Trust has a fifty-two week low of $3.22 and a fifty-two week high of $6.97. The stock has a market capitalization of $445.29 million, a PE ratio of -88.60 and a beta of 1.37.
Key Stories Impacting Redwood Trust
Here are the key news stories impacting Redwood Trust this week:
- Positive Sentiment: Redwood Trust declared its regular third-quarter common dividend of $0.18 per share, payable September 30 to shareholders of record September 23. The dividend was unchanged from the prior quarter, signaling continued confidence in the company’s ability to return capital to shareholders. Redwood Trust Announces Third Quarter 2026 Common and Preferred Dividends
- Positive Sentiment: The company also declared a $0.625 per-share dividend on its 10% fixed-rate preferred stock, maintaining income for preferred shareholders.
- Neutral Sentiment: Redwood Trust priced an upsized private offering of $185 million of 7.00% convertible senior notes due 2030, compared with the initially announced $150 million offering. The notes carry a conversion price of $4.90 per share. Redwood Trust Prices Upsized $185.0 Million Convertible Senior Notes Offering
- Negative Sentiment: The larger debt raise increases Redwood Trust’s interest obligations, with a 7% coupon implying roughly $13 million of annual interest expense before considering conversion. Investors may also worry about potential shareholder dilution if the notes are converted into common stock at $4.90 per share. Redwood Trust Shares Decline on $150 Million Debt Offering
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.
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