logo
Plus   Neg
Share
Email

Stock Alert: Redwood Climbs 9%

Shares of real estate investment company Redwood Trust, Inc. (RWT) are trading more than 9% higher Friday morning at $6.76. It has traded in the range of $2.14- $18.01 in the last 52 weeks.

Thursday, the company announced second-quarter dividend of $0.125 per share payable on June 29, to stockholders of record on June 22.

"Today's dividend declaration reflects the strength of our liquidity position, and the durable cash flow and net interest income expectations for our in-place portfolio," said Christopher J. Abate, Chief Executive Officer of Redwood Trust.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Transform SR Holding Management LLC is recalling about 19,900 units of 4-drawer chests, sold exclusively at Kmart stores, citing tip-over and entrapment risks for children, according to the U.S. Consumer Product Safety Commission. The recall involves chests with plastic drawer glides sold by Transform under the Essential Home brand. Amazon announced the extension of Project Zero, which protects and empowers brands to combat counterfeits, to seven new countries. The project is now available in Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE, along with ten other countries where Amazon has a store. Performance Food Group Co. (PFGC) reported Wednesday a net loss for the fourth quarter of $151.2 million or $1.19 per share, compared to net income of $63.2 million or $0.60 per share in the prior-year quarter. Excluding items, adjusted loss for the quarter was $0.86 per share, compared to adjusted...
RELATED NEWS
Follow RTT