Redwood Trust’s Series A Preferred Stock Exceeds 9.5% Yield

Strong Performance Despite Minor Daily Dip

On Friday, shares of Redwood Trust Inc’s Series A Reset Rate Cumulative Redeemable Preferred Stock (Symbol: RWT.PRA) were yielding more than 9.5% based on its quarterly dividend, which is annualized to $2.50. On this day, shares traded as low as $25.91. In comparison, the average yield in the “Real Estate” preferred stock category stands at 7.41%, according to data from Preferred Stock Channel. Recently, RWT.PRA was trading at a 5.80% premium to its liquidation preference amount, contrasting sharply with the average discount of 6.95% typically seen in the “Real Estate” sector.

The chart below illustrates the one-year performance of RWT.PRA shares relative to RWT:

The following chart details the historical dividend payments for RWT.PRA, showcasing its dividend history:

In the trading session on Friday, Redwood Trust Inc’s Series A Reset Rate Cumulative Redeemable Preferred Stock (Symbol: RWT.PRA) faced a slight decline of approximately 0.3%. Conversely, the common shares (Symbol: RWT) saw a modest rise of about 0.2%.

Additional Resources:

• Top Stocks Held By Barry Rosenstein
• IMCB YTD Return
• CORV YTD Return

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.