NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.3125 per share, payable on September 30, 2020, to shareholders of record on September 15, 2020. The company focuses on acquiring and operating middle-income multifamily properties, particularly in large cities across the Southeastern and Southwestern U.S. This dividend declaration reflects NXRT’s commitment to returning value to its investors amidst its strategy of enhancing its real estate portfolio.

Positive

• Quarterly dividend of $0.3125 per share announced.
• Dividend payment date set for September 30, 2020.
• Focus on acquiring multifamily properties with 'value-add' potential.

Negative

• None.

DALLAS, Aug. 4, 2020 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors has declared a quarterly dividend of $0.3125 per share of NXRT common stock, payable on September 30, 2020 to stockholders of record on September 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., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.  More information about NXRT is available at http://www.nexpointliving.com.

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

 

View original content:http://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-301105304.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount for NXRT announced in August 2020?

NexPoint Residential Trust announced a quarterly dividend of $0.3125 per share.

When is the NXRT dividend payment date?

The NXRT dividend is payable on September 30, 2020.

Who receives the NXRT dividend?

Shareholders of record on September 15, 2020, will receive the dividend.

What is the focus of NexPoint Residential Trust?

NexPoint Residential Trust primarily focuses on acquiring and operating middle-income multifamily properties.