NexPoint Residential Trust, Inc - NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 11.4%
DALLAS, Nov. 2, 2021
DALLAS, Nov. 2, 2021 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.38 per share of NXRT common stock, payable on December 30, 2021 to stockholders of record on December 15, 2021. This represents an 11.4% increase over the previous quarter’s distribution and an increase of 84.5% 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:
Jackie Graham
Director, Investor Relations
JGraham@nexpoint.com
SOURCE NexPoint Residential Trust, Inc.
View original content: PRNewswire
NexPoint Residential Trust, Inc.
Symbol: NXRT
CIK: 1620393
Exchange: NYSE
Founded: 2014 (10 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential
Externally Managed REIT
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
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Last updated: 2024-05-16 - v1.3