STOCK TITAN

NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) has declared a dividend of $0.38 per share, which will be payable on June 30, 2022. Stockholders on record as of June 15, 2022 are eligible to receive this dividend. The company focuses on acquiring and operating multifamily properties with value-add potential in key markets, primarily in the Southeastern and Southwestern United States. As a publicly traded REIT, NXRT aims to enhance shareholder value through its strategic investments.

Positive
  • Declared a quarterly dividend of $0.38 per share, showcasing commitment to shareholder returns.
  • Focus on acquiring properties in high-demand urban areas may enhance long-term growth potential.
Negative
  • None.

DALLAS, April 26, 2022 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.38 per share of NXRT common stock, payable on June 30, 2022 to stockholders of record on June 15, 2022. 

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://nxrt.nexpoint.com.

Contact:
Jackie Graham
Director, Investor Relations
JGraham@nexpoint.com
Media: MediaRelations@nexpoint.com

Cision View original content:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-301532471.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount for NXRT?

NexPoint Residential Trust, Inc. has declared a dividend of $0.38 per share.

When will NXRT's dividend be paid?

The dividend will be paid on June 30, 2022.

Who is eligible to receive the NXRT dividend?

Stockholders of record on June 15, 2022, will be eligible to receive the dividend.

What is the focus of NexPoint Residential Trust, Inc.?

NXRT primarily focuses on acquiring, owning, and operating middle-income multifamily properties.

NexPoint Residential Trust Inc

NYSE:NXRT

NXRT Rankings

NXRT Latest News

NXRT Stock Data

1.05B
22.20M
12.6%
77.64%
1.2%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
DALLAS