Redwood Trust, Inc. (NYSE:RWT) Updates On Dividend Release Date


On 2016-08-09, Redwood Trust, Inc. (NYSE:RWT) confirmed the dividend disbursement of $0.28 a share to shareholders as on record 2016-09-15. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-09-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Redwood Trust, Inc. (NYSE:RWT) paid a total of $0.28 per share in dividends. This figure stood at $0.28 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $15.85 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $17.75 and $14.5, respectively.

Taking the mathematical rating formula, the price for Redwood Trust, Inc. (NYSE:RWT) stands at 2.33. Earnings Review Redwood Trust, Inc. (NYSE:RWT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.37.

Coming to the quarter ending on 2015-12-31, Redwood Trust, Inc. (NYSE:RWT) recorded EPS of $0.41. The reported numbers came lower than the analysts’ estimates of $0.37, demonstrating a miss of $0.04 as against reported figures.

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