Ups to .15 from .10 (x/d 10/02)NEW YORK--(BUSINESS WIRE)-- New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced today that its Board of Directors (the “Board”) has declared third quarter 2020 common and preferred stock dividends.
“We are pleased to announce a common stock dividend increase for the second consecutive quarter,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of New Residential. “We believe the 50% increase this quarter to our common stock dividend reflects our confidence in the potential earnings power of our Company and our commitment to driving shareholder value.”
Common Stock Dividend
The Board declared a quarterly dividend of $0.15 per share of common stock for the third quarter 2020, representing an increase of 50% from the common stock dividend for the second quarter of 2020. The third quarter common stock dividend is payable on October 30, 2020 to shareholders of record on October 5, 2020.