Redwood Trust is a publicly traded real estate investment trust (REIT) that focuses on the acquisition, investment, and management of mortgage-related assets
The company primarily engages in the securitization of residential mortgages and invests in mortgage-backed securities. By providing liquidity and stability in the housing finance market, Redwood Trust aims to offer investors opportunities for income and capital appreciation through its diversified portfolio. The firm also seeks to promote sustainable homeownership and drive innovation in the mortgage industry through its mortgage financing solutions.
Mortgage applications in the US saw a 1.9% increase for the week ending May 17, continuing an upward trend. Refinancing applications surged by 7% and stocks of mortgage-sensitive firms are on the rise.
As the day concludes, Redwood Trust (NYSERWT) is preparing to distribute a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 8.98%. This payout is exclusive to investors who held the stock before the ex-dividend date on December 19, 2023.
