NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 11.4%

Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) has declared a quarterly dividend of $0.38 per share, marking an 11.4% increase from the previous quarter. This dividend is set to be paid on December 30, 2021, to stockholders on record by December 15, 2021. Since inception in 2015, dividends have risen by 84.5%. The company specializes in acquiring and operating middle-income multifamily properties across the Southeastern and Southwestern United States.

Positive

• Quarterly dividend increased by 11.4% to $0.38, reflecting strong financial performance.
• Total dividend growth of 84.5% since inception in 2015 demonstrates company confidence.

Negative

• None.

 

DALLAS, Nov. 2, 2021 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.38 per share of NXRT common stock, payable on December 30, 2021 to stockholders of record on December 15, 2021.  This represents an 11.4% increase over the previous quarter's distribution and an increase of 84.5% 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: 
Jackie Graham
Director, Investor Relations
JGraham@nexpoint.com

 

 

View original content:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-increases-quarterly-dividend-by-11-4-301413154.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount for NXRT in December 2021?

NexPoint Residential Trust (NXRT) has declared a dividend of $0.38 per share for December 2021.

When will the NXRT dividend be paid?

The NXRT dividend will be payable on December 30, 2021.

What is the record date for the NXRT dividend?

The record date for the NXRT dividend is December 15, 2021.

How much has the NXRT dividend increased since 2015?

The NXRT dividend has increased by 84.5% since its inception in 2015.

What does NXRT focus on in its business operations?

NexPoint Residential Trust primarily focuses on acquiring and operating middle-income multifamily properties with value-add potential.