NexPoint Residential Trust, Inc. (NXRT) will increase its quarterly dividend by 9.2 percent to $0.3413 per share in 2020. This follows a 13.6 percent to 31.25 cents per share dividend hike announced in 2019.
The next dividend is payable on December 31, 2020 to stockholders of record on December 15, 2020. A new annual rate of $1.365 per share yields 3.1% at a stock price of $44.32.
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.