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NexPoint Residential Trust (NXRT) will raise its quarterly dividend by 13.6 percent to $0.25 per share.

The new dividend will be paid on December 29, 2017 to shareholders of record on December 15, 2017. The new dividend yield for the company is 4.0%.

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.