NexPoint Residential Trust, Inc. Announces Quarterly Dividend

NexPoint Residential Trust (NYSE: NXRT) has declared a quarterly dividend of $0.46242 per share of common stock.

(Neutral)

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Rhea-AI Summary

NexPoint Residential Trust (NYSE: NXRT) has declared a quarterly dividend of $0.46242 per share of common stock. The dividend is set to be paid on September 30, 2024, to stockholders of record as of September 13, 2024. This announcement, made on July 30, 2024, demonstrates NXRT's commitment to providing regular returns to its shareholders. As a real estate investment trust (REIT) focused on multifamily properties, NXRT's dividend declaration is a key aspect of its investor relations and financial strategy.

Positive

Consistent dividend payment indicates financial stability
Dividend provides income for shareholders

Negative

None.

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News Market Reaction – NXRT

The recorded move for NXRT in the trading session of this news was +0.44%.

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07/30/2024 - 08:15 AM EDT

DALLAS, July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on September 30, 2024, to stockholders of record on September 13, 2024.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-quarterly-dividend-302209480.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

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

What is the dividend amount for NXRT stock in Q3 2024?

NexPoint Residential Trust (NXRT) has declared a dividend of $0.46242 per share for Q3 2024.

When is the ex-dividend date for NXRT's Q3 2024 dividend?

The press release doesn't specify the ex-dividend date. Typically, it's 1-2 business days before the record date of September 13, 2024.

What is the dividend payment date for NXRT's Q3 2024 dividend?

The dividend payment date for NXRT's Q3 2024 dividend is September 30, 2024.

How often does NexPoint Residential Trust (NXRT) pay dividends?

Based on this announcement, NXRT appears to pay dividends quarterly. However, dividend frequency can change and should be confirmed with the company's investor relations.

NexPoint Residential Trust, Inc. Announces Quarterly Dividend