Redwood Trust Announces Dividend of $0.23 Per Share for the Second Quarter Of 2022

Rhea-AI Summary

Redwood Trust, Inc. (NYSE: RWT) has declared a regular dividend of $0.23 per share for Q2 2022, marking its 92nd consecutive quarterly dividend. This dividend is payable on June 30, 2022, to stockholders of record by June 23, 2022. The Company focuses on providing innovative housing credit solutions and aims to deliver attractive returns to shareholders through a combination of earnings, dividends, and capital appreciation.

Positive

• 92 consecutive quarterly dividends demonstrate reliability in income distribution.
• Dividend of $0.23 reflects the company's commitment to returning value to shareholders.

Negative

• None.

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors authorized the declaration of a second quarter 2022 regular common stock dividend of $0.23 per share. This marks the Company's 92^nd consecutive quarterly dividend. The second quarter 2022 dividend is payable on June 30, 2022 to stockholders of record on June 23, 2022.

About Redwood Trust

Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and our publicly traded shares. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential, business purpose and multifamily assets. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking and Investment Portfolio. Additionally, through RWT Horizons™, our venture investing initiative, we invest in early-stage companies strategically aligned with our business across the lending, real estate, and financial technology sectors to drive innovations across our residential and business-purpose lending platforms. Since going public in 1994, we have managed our business through several cycles, built a track record of innovation, and established a best-in-class reputation for service and a common-sense approach to credit investing. Redwood Trust is internally managed and structured as a real estate investment trust ("REIT") for tax purposes. For more information about Redwood, please visit our website at www.redwoodtrust.com or connect with us on LinkedIn, Twitter, or Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005777/en/

Kaitlyn Mauritz

SVP, Head of Investor Relations

Phone: 866-269-4976

Email: investorrelations@redwoodtrust.com

Source: Redwood Trust, Inc.

FAQ

What is the dividend amount for RWT in Q2 2022?

The dividend amount for Q2 2022 is $0.23 per share.

When is the RWT dividend payable?

The RWT dividend is payable on June 30, 2022.

Who is eligible for the RWT dividend?

Stockholders of record as of June 23, 2022, are eligible for the RWT dividend.

How many consecutive dividends has RWT declared?

Redwood Trust has declared 92 consecutive quarterly dividends.

What is the significance of RWT's dividend declaration?

The dividend declaration signifies the company's ongoing commitment to providing returns to shareholders.