Redwood Trust, Inc. Declares a Fourth Quarter 2023 Regular Common Stock Dividend, Payable on December 28, 2023
December 07, 2023 at 04:15 pm EST
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Redwood Trust, Inc.'s Board has authorized declaration of a fourth quarter 2023 regular common stock dividend of $0.16 per share. This marks the Company's 98th consecutive quarterly common dividend. The fourth quarter 2023 common stock dividend is payable on December 28, 2023 to stockholders of record on December 20, 2023.
Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. The Company's segments include Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio. The Residential Investor Mortgage Banking segment consists of a platform that originates business purpose lending loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment consists of organic investments sourced through the Company's mortgage banking operations. Additionally, through RWT Horizons, its venture investing initiative, the Company invests in early-stage companies.