NexPoint Residential Trust, Inc. Announces 9.2% Increase in Quarterly Dividend

Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) announced a 9.2% increase in its quarterly dividend, declaring $0.34125 per share. The dividend is payable on December 31, 2020 to shareholders of record as of December 15, 2020. This decision reflects the board's confidence in the company's ongoing business strategy focused on acquiring and managing middle-income multifamily properties in the Southeastern and Southwestern United States. The increase in dividend aims to enhance shareholder income.

Positive

• 9.2% increase in quarterly dividend reflects confidence in company strategy.
• Dividend of $0.34125 enhances shareholder income.

Negative

• None.

DALLAS, Oct. 27, 2020 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a 9.2% increase in NXRT's quarterly dividend.  The board of directors declared a dividend of $0.34125 per share of NXRT common stock, payable on December 31, 2020 to stockholders of record on December 15, 2020.

About NexPoint Residential Trust, Inc.

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P. More information about NXRT is available at http://www.nexpointliving.com.

Contact: 
Jackie Graham
Investor Relations Manager
972-628-4024
JGraham@Nexpointadvisors.com
Media inquiries: MediaRelations@nexpointadvisors.com

View original content:http://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-9-2-increase-in-quarterly-dividend-301160110.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the new dividend amount for NXRT?

The new dividend amount for NXRT is $0.34125 per share.

When will the NXRT dividend be paid?

The NXRT dividend will be paid on December 31, 2020.

What is the record date for the NXRT dividend?

The record date for the NXRT dividend is December 15, 2020.

How much has the NXRT dividend increased?

The NXRT dividend has increased by 9.2%.

What sectors does NXRT focus on for its properties?

NXRT focuses on acquiring middle-income multifamily properties in large cities and suburban markets.