NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) announced a quarterly dividend of $0.42 per share of common stock. The dividend is payable on March 31, 2023, to stockholders of record on March 15, 2023. This decision by the board emphasizes the company's commitment to returning value to its shareholders. NexPoint Residential Trust focuses on acquiring and operating middle-income multifamily properties, primarily in the Southeastern and Southwestern United States.

Positive

• Quarterly dividend of $0.42 per share indicates strong shareholder returns.

Negative

• None.

News Market Reaction – NXRT

+2.30%

+2.30% Session move

In the trading session that priced this news, NXRT gained 2.30%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, Feb. 21, 2023 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.42 per share of NXRT common stock, payable on March 31, 2023, to stockholders of record on March 15, 2023.

About NexPoint Residential Trust, Inc.

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P. More information about NXRT is available at http://nxrt.nexpoint.com.

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com

 

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SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount announced by NXRT?

NexPoint Residential Trust announced a dividend of $0.42 per share.

When will NXRT's dividend be paid?

The dividend will be paid on March 31, 2023.

Who is eligible for the NXRT dividend?

Stockholders of record on March 15, 2023, are eligible for the dividend.

What business does NexPoint Residential Trust engage in?

NexPoint Residential Trust focuses on acquiring and operating middle-income multifamily properties in large cities.