NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.5%

Rhea-AI Summary

NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.42 per share, payable on December 30, 2022, to shareholders of record on December 15, 2022. This dividend reflects a 10.5% increase from the previous quarter and marks a substantial 103.9% increase since its inception in 2015. The company continues to focus on acquiring and operating multifamily properties in prominent markets across the Southeastern and Southwestern United States.

Positive

• Quarterly dividend increased by 10.5% to $0.42 per share.
• Dividend growth of 103.9% since 2015 indicates strong financial performance.

Negative

• None.

DALLAS, Oct. 25, 2022 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.42 per share of NXRT common stock, payable on December 30, 2022, to stockholders of record on December 15, 2022.  This represents an 10.5% increase over the previous quarter's distribution and an increase of 103.9% 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.

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

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

 

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SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the NXRT dividend amount for December 2022?

The dividend amount for NXRT in December 2022 is $0.42 per share.

When will the NXRT dividend be paid?

The NXRT dividend will be paid on December 30, 2022.

What date is the record for NXRT shareholders to receive the dividend?

Shareholders must be on record by December 15, 2022, to receive the NXRT dividend.

How much has the NXRT dividend increased since 2015?

The NXRT dividend has increased by 103.9% since its inception in 2015.