Specialty Finance Company’s Cash Dividend Update

  • Redwood Trust board declares 3Q dividend of 17 cents a share
  • Dividend up 6.25% sequentially
  • Payout equals 68 cents a year
  • Annual yield of about 9.2% based on closing price of $7.40 a share
  • Shareholders of record as of Sept. 23 to receive dividend on Sept. 30

The board of Redwood Trust, a specialty finance company based in Mill Valley, California, has declared a third-quarter cash dividend of 17 cents per share. This represents an increase of 6.25% compared to the previous quarter. The new dividend amounts to 68 cents annually, which equates to an approximate yield of 9.2% based on the stock’s closing price of $7.40 per share. Shareholders who are recorded as of September 23 will receive this payout on September 30.

Factuality Level: 10
Factuality Justification: The article provides accurate and relevant information about Redwood Trust’s third-quarter cash dividend announcement, including the amount, increase percentage, annual yield, and payment date. It is concise and does not contain any irrelevant or misleading details, exaggerations, or personal opinions.
Noise Level: 8
Noise Justification: The article provides relevant financial information about a company’s dividend declaration and its impact on shareholders, but it lacks in-depth analysis or contextualization within the broader market trends or implications.
Public Companies: Redwood Trust (RWT)
Key People: Connor Hart (Author)

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Financial Relevance: Yes
Financial Markets Impacted: Redwood Trust’s stock price and dividend payout impact the company’s shareholders
Financial Rating Justification: This article discusses a change in Redwood Trust’s cash dividend, which affects its shareholders and has financial relevance as it pertains to the company’s financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text and it does not meet the criteria for being in the last 48 hours.
Move Size: No market move size mentioned.
Sector: Finance
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

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