NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NexPoint Residential Trust (NYSE: NXRT) has announced a quarterly dividend of $0.42 per share, aimed at rewarding its shareholders. This dividend is payable on June 30, 2023, to stockholders of record by June 15, 2023. As a publicly traded REIT, NXRT focuses on acquiring and managing middle-income multifamily properties with potential for value enhancement, particularly in large cities across the Southeastern and Southwestern United States.

Positive

• Declaration of a quarterly dividend of $0.42 per share, enhancing shareholder income.
• Focus on acquiring value-add multifamily properties, indicating growth potential.

Negative

• None.

DALLAS, April 25, 2023 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.42 per share of NXRT common stock, payable on June 30, 2023, to stockholders of record on June 15, 2023.

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.

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-301806520.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount for NXRT?

The dividend amount for NexPoint Residential Trust (NXRT) is $0.42 per share.

When will the NXRT dividend be paid?

The NXRT dividend will be paid on June 30, 2023.

What is the record date for the NXRT dividend?

The record date for the NXRT dividend is June 15, 2023.

Is the NXRT dividend sustainable?

The sustainability of the NXRT dividend depends on the company's ongoing performance and cash flow management.