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

Rhea-AI Summary

New Residential Investment Corp. (NYSE: NRZ) has declared its second quarter 2021 common and preferred stock dividends. The Board announced a common stock dividend of $0.20 per share, payable on July 30, 2021, to shareholders of record by July 2, 2021. Additionally, dividends for preferred stocks were declared: Series A at $0.46875, Series B at $0.4453125, and Series C at $0.3984375, all payable on August 16, 2021, to shareholders of record by July 15, 2021. New Residential, a REIT, aims for attractive risk-adjusted returns through a diversified investment portfolio.

Positive

• Declared common stock dividend of $0.20 per share, enhancing shareholder returns.
• Preferred stock dividends indicate steady income for preferred shareholders.

Negative

• None.

New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced today that its Board of Directors (the “Board”) has declared second 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 second quarter 2021. The second quarter common stock dividend is payable on July 30, 2021 to shareholders of record on July 2, 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 second 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 second 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 second quarter 2021 of $0.3984375 per share.

Dividends for the Series A, Series B and Series C are payable on August 16, 2021 to preferred shareholders of record on July 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 $3.7 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/20210617005633/en/

FAQ

What is the common stock dividend declared by NRZ for the second quarter of 2021?

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

When will the common stock dividend for NRZ be paid?

The common stock dividend will be paid on July 30, 2021, to shareholders of record by July 2, 2021.

What are the preferred stock dividends for NRZ in the second quarter of 2021?

The preferred stock dividends for the second quarter of 2021 are Series A: $0.46875, Series B: $0.4453125, and Series C: $0.3984375.

When are the preferred stock dividends for NRZ payable?

The preferred stock dividends will be payable on August 16, 2021, to shareholders of record by July 15, 2021.