Redwood Trust, Inc. (RWT) will begin trading ex-dividend on September 21, 2020. A cash dividend payment of $0.14 per share is scheduled to be paid on September 29, 2020. Shareholders who purchased RWT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 12% increase over prior dividend payment. At the current stock price of $8, the dividend yield is 7%.
The previous trading day's last sale of RWT was $8, representing a -55.58% decrease from the 52 week high of $18.01 and a 273.83% increase over the 52 week low of $2.14.
RWT is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) (AMT) and Prologis, Inc. (PLD). RWT's current earnings per share, an indicator of a company's profitability, is -$6.59. Zacks Investment Research reports RWT's forecasted earnings growth in 2020 as -121.52%, compared to an industry average of -18.4%.
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