Redwood Trust - RWT STOCK NEWS

Redwood Trust, Inc. (NYSE: RWT), a leader in housing credit investing, announced participation in the 23rd Annual ICR Conference on January 12, 2021. Key executives including Chris Abate, Dash Robinson, and Fred Matera will engage in a fireside chat at 7:30 am PT and a panel titled 'No Place Like Home' at 9:30 am PT, focusing on housing supply chain dynamics. Webcast links will be accessible via Redwood Trust's Investor Relations website. The company aims to deliver customized housing credit investments and enhance shareholder returns.

Redwood Trust, Inc. (NYSE: RWT) declared a fourth-quarter dividend of $0.14 per share, marking its 86th consecutive quarterly dividend. The dividend will be payable on December 29, 2020, to stockholders of record on December 17, 2020. CEO Christopher J. Abate emphasized the company's commitment to delivering shareholder value through attractive dividends while strategically deploying capital. Redwood Trust operates in specialized housing credit markets, aiming to provide returns through dividends, capital appreciation, and innovation.

Redwood Trust (NYSE:RWT) reported strong financial results for Q3 2020, with a GAAP net income of $142 million, or $1.02 per share, marking a significant increase from $34 million in Q3 2019. The GAAP book value per share rose to $9.41. The company achieved a 17% economic return on book value and increased its cash dividend by 12% to $0.14 per share. In residential lending, Redwood locked over $2.1 billion in jumbo loans. Overall, the company’s fair value securities portfolio increased by 10%.

Redwood Trust (NYSE: RWT) announced a positive business update for Q3 2020, highlighting a significant increase in locked loans and a robust performance in its lending segments. The company locked over $2 billion in Select jumbo residential loans, a 40% increase from Q3 2019. Additionally, it plans to complete a Sequoia securitization in Q4, primarily backed by newly-originated Select loans. Notably, the fair value of its securities investment portfolio is estimated to have increased by 10%. The Q3 financial results will be available on October 29, 2020.

Redwood Trust Announcements
Redwood Trust, a leader in housing credit investing, will participate in Morgan Stanley's State of the Housing Market webcast on September 24, 2020, at 8:00am PT. CEO Chris Abate and other senior management members will be featured during the event. Interested participants can access the live webcast via Redwood's website. A conference call option is also available by dialing 1-833-653-6025 and using access code #3294766. The event aims to provide insights into the housing market and the company's performance.

Redwood Trust, Inc. (NYSE: RWT) announced a 12% increase in its quarterly dividend, now at $0.14 per share, payable on September 29, 2020. This marks the company's 85th consecutive quarterly dividend. The dividend increase reflects Redwood's commitment to delivering attractive returns to shareholders while strategically deploying capital. The company focuses on making credit-sensitive investments in mortgages and related assets and aims for stable earnings and dividends.

Redwood Trust, Inc. (RWT) reported a strong Q2 2020, with a GAAP net income of $165 million or $1.00 per diluted share, a significant recovery from a loss of $943 million in Q1. The GAAP book value per share improved to $8.15. The company reduced its total recourse debt substantially from $4.6 billion to $1.8 billion, and maintained a robust cash balance of $529 million. A quarterly cash dividend of $0.125 per share was declared, reflecting solid financial positioning amid ongoing economic challenges.

Redwood Trust, Inc. (NYSE: RWT) is set to release its second quarter 2020 financial results on July 30, 2020, after market close. The company's senior management team will conduct a conference call and webcast at 2:00 PM PT / 5:00 PM ET on the same day to discuss the results. Interested participants can access the live webcast on Redwood's website. A replay will be available post-call until August 13, 2020. Redwood Trust focuses on credit-sensitive investments in residential and multifamily mortgages, aiming to provide shareholders with attractive returns.

Redwood Trust, Inc. (NYSE: RWT) announced the appointment of George W. Madison to its Board of Directors, effective July 1, 2020. Mr. Madison, with extensive experience in financial regulation and corporate governance, previously served as General Counsel at the US Department of the Treasury and a partner at Sidley Austin LLP. His expertise is expected to enhance Redwood's leadership team as part of ongoing succession planning. The company also acknowledged the contributions of outgoing director Mariann Byerwalter, who served for 22 years.