New Residential Investment Corp. Declares First Quarter 2021 Common and Preferred Dividends

Rhea-AI Summary

New Residential Investment Corp. (NYSE: NRZ) has declared dividends for the first quarter of 2021. A common stock dividend of $0.20 per share is payable on April 30, 2021, to shareholders of record as of April 5, 2021. Preferred stock dividends include $0.46875 for Series A, $0.4453125 for Series B, and $0.3984375 for Series C, all payable on May 17, 2021, to shareholders of record as of April 15, 2021.

Since its inception in 2013, the company has returned over $3.5 billion in dividends to investors.

Positive

• quarterly common stock dividend of $0.20, payable April 30, 2021
• substantial preferred stock dividends declared, reflecting strong cash flow
• over $3.5 billion returned to shareholders since 2013, showcasing a solid track record

Negative

• None.

New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced today that its Board of Directors (the “Board”) has declared first quarter 2021 common and preferred stock dividends.

Common Stock Dividend
The Board declared a quarterly dividend of $0.20 per share of common stock for the first quarter 2021. The first quarter common stock dividend is payable on April 30, 2021 to shareholders of record on April 5, 2021.

Preferred Stock Dividends
In accordance with the terms of New Residential’s 7.50% Series A Cumulative Redeemable Preferred Stock (“Series A”), the Board declared a Series A dividend for the first quarter 2021 of $0.4687500 per share.

In accordance with the terms of New Residential’s 7.125% Series B Cumulative Redeemable Preferred Stock (“Series B”), the Board declared a Series B dividend for the first quarter 2021 of $0.4453125 per share.

In accordance with the terms of New Residential’s 6.375% Series C Cumulative Redeemable Preferred Stock (“Series C”), the Board declared a Series C dividend for the first quarter 2021 of $0.3984375 per share.

Dividends for the Series A, Series B and Series C are payable on May 17, 2021 to preferred shareholders of record on April 15, 2021.

ABOUT NEW RESIDENTIAL

New Residential is a leading provider of capital and services to the mortgage and financial services industry. 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 $3.5 billion in dividends to shareholders. New Residential is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York City.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210324005885/en/

FAQ

What is the common stock dividend for NRZ in Q1 2021?

New Residential declared a common stock dividend of $0.20 per share for the first quarter of 2021.

When will the common stock dividend be paid for NRZ?

The common stock dividend will be paid on April 30, 2021, to shareholders of record on April 5, 2021.

What are the Series A, B, and C preferred stock dividends for NRZ?

For Q1 2021, Series A is $0.46875, Series B is $0.4453125, and Series C is $0.3984375.

When are the preferred stock dividends for NRZ payable?

The preferred stock dividends are payable on May 17, 2021, to shareholders of record on April 15, 2021.

How much has NRZ returned to shareholders since its inception?

New Residential has returned over $3.5 billion in dividends to shareholders since its inception in 2013.