NexPoint Residential Trust (NXRT) will raise its quarterly dividend by 10 percent to $0.275 per share in the fourth quarter of 2018. This marks the 3rd consecutive year of dividend increases by the REIT.

The increased dividend is payable on December 31, 2018 to stockholders of record on December 17, 2018. The ex-date for this next dividend of 27.5 cents is December 14.

A new annualized dividend of $1.10 per share for NexPoint Residential Trust translates into an estimated dividend yield of 3.1% at a stock price of $36.06.

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.