NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.1%

Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) has approved a dividend of $0.46242 per share of NXRT common stock. The dividend is payable on December 29, 2023, to stockholders of record on December 15, 2023. This represents a 10.1% increase over the previous quarter's distribution and a 124.5% increase since inception in 2015.

DALLAS, Oct. 31, 2023 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.46242 per share of NXRT common stock, payable on December 29, 2023, to stockholders of record on December 15, 2023. This represents a 10.1% increase over the previous quarter's distribution and an increase of 124.5% since inception in 2015.

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:
Kristen Thomas
Investor Relations
IR@nexpoint.com

 

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SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend approved by NexPoint Residential Trust, Inc.?

NexPoint Residential Trust, Inc. has approved a dividend of $0.46242 per share of NXRT common stock.

When will the dividend be payable?

The dividend will be payable on December 29, 2023.

Who are eligible to receive the dividend?

Stockholders of record on December 15, 2023, are eligible to receive the dividend.

How does the current dividend compare to the previous quarter's distribution?

The current dividend represents a 10.1% increase over the previous quarter's distribution.

How much has the dividend increased since inception in 2015?

The dividend has increased by 124.5% since inception in 2015.