NexPoint Residential Trust, Inc. Announces Quarterly Dividend

NexPoint Residential Trust, Inc. (NYSE: NXRT) has announced a quarterly dividend of $0.34125 per share, payable on March 31, 2021.

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(Moderate)

Rhea-AI Sentiment

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Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) has announced a quarterly dividend of $0.34125 per share, payable on March 31, 2021. Stockholders of record on March 15, 2021 will receive this dividend. NXRT focuses on acquiring and operating middle-income multifamily properties in key markets across the Southeastern and Southwestern United States, aiming for properties with value-add potential.

Positive

Declared quarterly dividend of $0.34125 per share.
Demonstrates company confidence in financial health.

Negative

None.

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News Market Reaction – NXRT

The recorded move for NXRT in the trading session of this news was +3.69%.

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02/16/2021 - 07:31 AM EST

DALLAS, Feb. 16, 2021 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.34125 per share of NXRT common stock, payable on March 31, 2021 to stockholders of record on March 15, 2021.

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.

Contact:
Jackie Graham
Investor Relations
972-628-4024
JGraham@nexpoint.com

View original content:http://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-301228545.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the NXRT dividend amount for March 2021?

NexPoint Residential Trust declared a dividend of $0.34125 per share to be paid on March 31, 2021.

When will the NXRT dividend be paid?

The NXRT dividend will be paid on March 31, 2021, to stockholders of record on March 15, 2021.

How frequently does NXRT pay dividends?

NexPoint Residential Trust typically pays dividends quarterly.

Is the NXRT dividend sustainable?

The sustainability of the NXRT dividend depends on the company's financial performance and management's strategic decisions.

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