New Residential Investment Corp. Announces Tax Treatment of 2020 Dividends
New Residential Investment Corp. (NYSE: NRZ) announced the tax treatment of its 2020 common and preferred stock dividends. For common stock, the taxable dividends totaled approximately $0.62409 per share, with distributions ranging from $0.39005 to $0.11702 across the quarters. The preferred stock dividends were approximately $1.87500 per share, with a consistent quarterly amount of $0.46875. Shareholders are advised to consult tax professionals for proper tax treatment. The press release serves informational purposes only.
- Common stock dividends of approximately $0.62409 per share for 2020.
- Taxable preferred stock dividends totaling approximately $1.87500 per share.
- Tax treatment clarity may lead to investor confusion regarding dividend taxation.
New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) today announced the tax treatment of its 2020 common and preferred stock dividend distributions.
Common Stock Dividends
During 2020, taxable dividends for New Residential’s common stock (CUSIP #64828T201) were approximately
|
Record |
Pay |
|
Ordinary |
Qualified |
Section 199A |
Long-Term |
Return of |
|
|
Date |
Date(1) |
Form |
Dividend |
Dividend(2) |
Dividend(3) |
Capital Gain |
Capital |
Total |
Q4’19 |
12/31/19 |
01/31/20 |
Cash |
|
|
|
|
|
|
Q1’20 |
04/15/20 |
05/15/20 |
Cash |
|
|
|
|
|
|
Q2’20 |
07/02/20 |
07/31/20 |
Cash |
|
|
|
|
|
|
Q3’20 |
10/05/20 |
10/30/20 |
Cash |
|
|
|
|
|
|
During 2020, taxable dividends for New Residential’s Series A preferred stock (CUSIP #64828T300) were approximately
|
Record |
Pay |
|
Ordinary |
Qualified |
Section 199A |
Long-Term |
Return of |
|
|
Date |
Date(1) |
Form |
Dividend |
Dividend(2) |
Dividend(3) |
Capital Gain |
Capital |
Total |
Q4’19 |
01/15/20 |
02/14/20 |
Cash |
|
|
|
|
|
|
Q1’20 |
04/15/20 |
05/15/20 |
Cash |
|
|
|
|
|
|
Q2’20 |
07/15/20 |
08/14/20 |
Cash |
|
|
|
|
|
|
Q3’20 |
10/15/20 |
11/13/20 |
Cash |
|
|
|
|
|
|
During 2020, taxable dividends for New Residential’s Series B preferred stock (CUSIP #64828T409) were approximately
|
Record |
Pay |
|
Ordinary |
Qualified |
Section 199A |
Long-Term |
Return of |
|
|
Date |
Date(1) |
Form |
Dividend |
Dividend(2) |
Dividend(3) |
Capital Gain |
Capital |
Total |
Q4’19 |
01/15/20 |
02/14/20 |
Cash |
|
|
|
|
|
|
Q1’20 |
04/15/20 |
05/15/20 |
Cash |
|
|
|
|
|
|
Q2’20 |
07/15/20 |
08/14/20 |
Cash |
|
|
|
|
|
|
Q3’20 |
10/15/20 |
11/13/20 |
Cash |
|
|
|
|
|
|
During 2020, taxable dividends for New Residential’s Series C preferred stock (CUSIP #64828T508) were approximately
|
Record |
Pay |
|
Ordinary |
Qualified |
Section 199A |
Long-Term |
Return of |
|
|
Date |
Date(1) |
Form |
Dividend |
Dividend(2) |
Dividend(3) |
Capital Gain |
Capital |
Total |
Q1’20 |
04/15/20 |
05/15/20 |
Cash |
|
|
|
|
|
|
Q2’20 |
07/15/20 |
08/14/20 |
Cash |
|
|
|
|
|
|
Q3’20 |
10/15/20 |
11/13/20 |
Cash |
|
|
|
|
|
|
The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their shares of New Residential.
(1) The Q4’20 distribution is being treated as received by stockholders and taxable in 2021.
(2) Qualified Dividend is a subset of, and included in, the Ordinary Dividend amount.
(3) Section 199A Dividend is a subset of, and included in, the Ordinary Dividend amount.
ABOUT NEW RESIDENTIAL
New Residential is a leading provider of capital and services to the mortgage and financial services industries with a proven track record of returns and performance. The Company’s mission is to generate attractive risk-adjusted returns in all interest rate environments through a portfolio of investments and operating businesses. New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments over time. New Residential’s portfolio is composed of mortgage servicing related assets (including investments in operating entities consisting of servicing, origination, and affiliated businesses), residential securities (and associated called rights) and loans, and consumer loans. New Residential’s investments in operating entities include its mortgage origination and servicing subsidiary, NewRez, and its special servicing division, Shellpoint Mortgage Servicing, as well as investments in affiliated businesses that provide services that are complementary to the origination and servicing businesses and other portfolios of mortgage related assets. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering over
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FAQ
What are the 2020 common stock dividend amounts for NRZ?
What is the tax treatment for NRZ preferred stock dividends in 2020?
When were the NRZ dividends paid in 2020?
How should NRZ shareholders handle tax reporting for dividends?
Are NRZ dividends qualified dividends?
