• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Redwood Trust Announces Common Dividend Increase of 5.9% to $0.18 Per Share for the Fourth Quarter 2024

    12/12/24 4:15:00 PM ET
    $RWT
    Real Estate Investment Trusts
    Real Estate
    Get the next $RWT alert in real time by email

    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 (the "Board") has declared fourth quarter 2024 common and preferred stock dividends.

    Common Stock Dividend

    The Board has authorized the declaration of a fourth quarter 2024 regular common stock dividend of $0.18 per share, a 5.9% increase from the third quarter of 2024. This marks the Company's 102nd consecutive quarterly common dividend and 2nd consecutive quarter of common dividend increases. The fourth quarter 2024 common stock dividend is payable on December 30, 2024 to stockholders of record on December 23, 2024.

    "We are pleased to announce an increase to our common stock dividend for the second consecutive quarter," said Christopher Abate, Chief Executive Officer of Redwood. "We believe this dividend level provides our shareholders with an attractive risk-adjusted return in this environment that aligns with our long-term return objectives. We will continue to review the level of future quarterly dividends with our Board, taking into account factors such as our financial and capital position, investment opportunities and outlook."

    Preferred Stock Dividend

    In accordance with the terms of Redwood's 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series A"), the Board authorized the declaration of a Series A dividend for the fourth quarter of 2024 of $0.625 per share. Dividends for the Series A are payable on January 15, 2025 to stockholders of record on January 1, 2025.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to the level of future quarterly dividends. Forward-looking statements involve numerous risks and uncertainties. Redwood's actual results may differ from Redwood's beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "expect," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in our Annual Report on Form 10-K for the year ended December 31, 2023 under the caption "Risk Factors". Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    About Redwood

    Redwood Trust, Inc. (NYSE:RWT) is a specialty finance company focused on several distinct areas of housing credit where we provide 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. We operate our business in three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking and Investment Portfolio. Through RWT Horizons®, our venture investing initiative, we invest in early-stage companies that have a direct nexus to our operating platforms. Additionally, through Aspire, our home equity investment ("HEI") platform, we directly originate HEI to homeowners. 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. 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.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241212007535/en/

    Get the next $RWT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RWT

    DatePrice TargetRatingAnalyst
    12/9/2024$8.00 → $7.00Overweight → Neutral
    Analyst
    4/11/2024Outperform → Neutral
    Wedbush
    12/6/2023$9.00Buy
    UBS
    12/5/2023$8.50Neutral → Buy
    BTIG Research
    6/15/2023$7.00Overweight → Neutral
    Piper Sandler
    10/5/2022$9.00Outperform
    Wedbush
    8/31/2022Buy → Neutral
    BTIG Research
    5/13/2022$11.50Overweight
    JP Morgan
    More analyst ratings

    $RWT
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Carillo Brooke bought $93,720 worth of shares (15,000 units at $6.25), increasing direct ownership by 36% to 56,772 units (SEC Form 4)

      4 - REDWOOD TRUST INC (0000930236) (Issuer)

      6/3/24 4:36:47 PM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate

    $RWT
    SEC Filings

    See more
    • SEC Form CERT filed by Redwood Trust Inc.

      CERT - REDWOOD TRUST INC (0000930236) (Filer)

      6/20/24 10:29:27 AM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate
    • Redwood Trust Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

      8-K - REDWOOD TRUST INC (0000930236) (Filer)

      6/18/24 4:15:24 PM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate
    • SEC Form 8-A12B filed by Redwood Trust Inc.

      8-A12B - REDWOOD TRUST INC (0000930236) (Filer)

      6/18/24 6:02:27 AM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate

    $RWT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Redwood Trust downgraded by Analyst with a new price target

      Analyst downgraded Redwood Trust from Overweight to Neutral and set a new price target of $7.00 from $8.00 previously

      12/9/24 8:30:55 AM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate
    • Redwood Trust downgraded by Wedbush

      Wedbush downgraded Redwood Trust from Outperform to Neutral

      4/11/24 8:00:03 AM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate
    • UBS initiated coverage on Redwood Trust with a new price target

      UBS initiated coverage of Redwood Trust with a rating of Buy and set a new price target of $9.00

      12/6/23 8:18:54 AM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate

    $RWT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Schwartz Faith A exercised 10,054 shares at a strike of $6.34, increasing direct ownership by 149% to 16,810 units (SEC Form 4)

      4 - REDWOOD TRUST INC (0000930236) (Issuer)

      6/7/24 7:41:06 PM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate
    • Hansen Douglas B exercised 10,054 shares at a strike of $6.34 (SEC Form 4)

      4 - REDWOOD TRUST INC (0000930236) (Issuer)

      6/7/24 6:00:00 PM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate
    • Falcon Armando exercised 10,054 shares at a strike of $6.34, increasing direct ownership by 149% to 16,810 units (SEC Form 4)

      4 - REDWOOD TRUST INC (0000930236) (Issuer)

      6/7/24 5:54:20 PM ET
      $RWT
      Real Estate Investment Trusts
      Real Estate