NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) announced a quarterly dividend of $0.38 per share, payable on March 31, 2022, to stockholders of record on March 15, 2022. The company, focused on middle-income multifamily properties with value-add potential, is externally advised by NexPoint Real Estate Advisors, L.P. This dividend reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Approved dividend of $0.38 per share demonstrating commitment to shareholder returns.
• Focus on value-add potential in middle-income multifamily properties supports long-term growth.

Negative

• None.

News Market Reaction – NXRT

+3.88%

+3.88% Session move

In the trading session that priced this news, NXRT gained 3.88%, 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. 15, 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 March 31, 2022 to stockholders of record on March 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

View original content:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-301482027.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

What is the dividend amount declared by NXRT?

NexPoint Residential Trust declared a dividend of $0.38 per share.

When will the NXRT dividend be paid?

The dividend will be paid on March 31, 2022.

What is the record date for the dividend payment for NXRT?

The record date for the dividend payment is March 15, 2022.

How often does NXRT declare dividends?

NexPoint Residential Trust typically declares dividends on a quarterly basis.