NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NexPoint Residential Trust announced a quarterly dividend of $0.38 per share, payable on September 30, 2022, to stockholders recorded by September 15, 2022. This reflects the company's commitment to returning value to shareholders through regular dividends. NXRT focuses on acquiring and operating middle-income multifamily properties in major cities, particularly in the Southeastern and Southwestern United States.

Positive

• Quarterly dividend of $0.38 per share indicates strong financial health.
• Commitment to returning value to shareholders.

Negative

• None.

News Market Reaction – NXRT

-0.51%

-0.51% Session move

In the trading session that priced this news, NXRT declined 0.51%, reflecting a mild negative 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, July 26, 2022 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.38 per share of NXRT common stock, payable on September 30, 2022 to stockholders of record on September 15, 2022. 

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
Director, Investor Relations
JGraham@nexpoint.com
Media: MediaRelations@nexpoint.com

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SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount for NXRT in September 2022?

NexPoint Residential Trust announced a dividend of $0.38 per share, payable on September 30, 2022.

When will the NXRT dividend be paid?

The dividend will be paid on September 30, 2022, to stockholders of record on September 15, 2022.

What is the focus of NexPoint Residential Trust?

NXRT primarily focuses on acquiring and operating well-located middle-income multifamily properties.

Where does NXRT primarily operate?

NexPoint Residential Trust primarily operates in large cities and suburban areas in the Southeastern and Southwestern United States.