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NexPoint Residential Trust (NXRT) will initiate a $0.206 per share quarterly dividend in 2015. This first ever dividend follows the IPO by the REIT earlier this year.

The first payment will be made to shareholders on June 30, 2015 with a record date of June 15, 2015. The ex-date for the 20.6 cents per share maiden dividend is June 11.

NexPoint Residential Trust, Inc. is an externally advised Real Estate Investment Trust (REIT), focused on the acquisition, asset management, and disposition of multifamily assets, located primarily in the Southeast United States and Texas. NXRT is externally advised by NexPoint Real Estate Advisors, L.P. an affiliate of Highland Capital Management, L.P.