NexPoint Residential Trust, Inc. (NXRT) will increase its quarterly dividend by 13.6 percent to 31.25 cents per share in 2019. This follows double digit dividend increases in the previous two years by the REIT.
The next dividend is payable on December 31, 2019 to stockholders of record on December 17, 2019. A new annual rate of $1.25 per share yields 2.5% at a stock price of $49.09.
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.
2022