NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.3%

Rhea-AI Summary

NexPoint Residential Trust (NYSE: NXRT) has announced a 10.3% increase in its quarterly dividend. The company will pay $0.51 per share to stockholders of record on December 13, 2024, with payment scheduled for December 31, 2024. This dividend increase represents a significant growth of 147.6% since the company's inception in 2015.

Positive

• Quarterly dividend increased by 10.3% to $0.51 per share
• 147.6% dividend growth since 2015 demonstrates strong long-term dividend growth trajectory
• Unanimous board approval indicates strong corporate confidence in cash flow sustainability

Negative

• None.

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DALLAS, Oct. 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.51 per share of NXRT common stock, payable on December 31, 2024, to stockholders of record on December 13, 2024. This represents an 10.3% increase over the previous quarter's dividend per share and an increase of 147.6% since inception in 2015.

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: 
Kristen (Thomas) Griffith
Investor Relations
IR@nexpoint.com

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SOURCE NexPoint Residential Trust, Inc.

FAQ

What is NexPoint Residential Trust's new quarterly dividend for Q4 2024?

NexPoint Residential Trust's new quarterly dividend is $0.51 per share, representing a 10.3% increase from the previous quarter.

When will NXRT pay its Q4 2024 dividend?

NXRT will pay its Q4 2024 dividend on December 31, 2024, to stockholders of record as of December 13, 2024.

How much has NXRT's dividend grown since its inception?

NXRT's dividend has grown by 147.6% since its inception in 2015.

What is the dividend record date for NXRT's Q4 2024 payment?

The record date for NXRT's Q4 2024 dividend is December 13, 2024.