Starwood Property Trust Announces $0.48 Per Share Dividend for First Quarter 2023

Rhea-AI Summary

Starwood Property Trust (NYSE: STWD) declared a dividend of $0.48 per share for the quarter ending March 31, 2023. This dividend is payable on April 14, 2023 to stockholders of record as of March 31, 2023. Starwood is a diversified finance company focusing on real estate and infrastructure, having deployed over $94 billion in capital and managing a portfolio exceeding $28 billion. The company's investment strategy aims at generating stable returns for shareholders, mainly through dividends.

Positive

• Declared a dividend of $0.48 per share, enhancing shareholder income.
• Strong capital deployment of over $94 billion since inception.
• Managed portfolio exceeds $28 billion, indicating robust asset management.

Negative

• None.

News Market Reaction – STWD

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In the trading session that priced this news, STWD declined 3.18%, reflecting a moderate negative market reaction.

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GREENWICH, Conn., March 16, 2023 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending March 31, 2023. The dividend is payable on April 14, 2023 to stockholders of record as of March 31, 2023.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD) is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm, Starwood Capital Group, the Company has successfully deployed over $94 billion of capital since inception and manages a portfolio of over $28 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk-adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.

Contact:
Zachary Tanenbaum  
Starwood Property Trust  
Phone: 203-422-7788  
Email: ztanenbaum@starwood.com

 

View original content:https://www.prnewswire.com/news-releases/starwood-property-trust-announces-0-48-per-share-dividend-for-first-quarter-2023--301774475.html

SOURCE Starwood Property Trust, Inc.

FAQ

What is the dividend amount declared by Starwood Property Trust for Q1 2023?

Starwood Property Trust declared a dividend of $0.48 per share for the first quarter of 2023.

When is the dividend payable to Starwood Property Trust shareholders?

The dividend is payable on April 14, 2023, to stockholders of record as of March 31, 2023.

How much capital has Starwood Property Trust deployed since inception?

Since inception, Starwood Property Trust has deployed over $94 billion in capital.

What is the primary focus of Starwood Property Trust?

Starwood Property Trust primarily focuses on the real estate and infrastructure sectors.