NexPoint Diversified Real Estate Trust (NYSE:NXDT) Declares Quarterly Dividend of $0.15

NexPoint Diversified Real Estate Trust (NYSE:NXDT) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.15 per share on Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Tuesday, May 14th.

NexPoint Diversified Real Estate Trust has decreased its dividend payment by an average of 21.7% annually over the last three years.

NexPoint Diversified Real Estate Trust Trading Up 1.2 %

Shares of NYSE NXDT opened at 6.13 on Friday. NexPoint Diversified Real Estate Trust has a 52-week low of 5.82 and a 52-week high of 13.07. The firm’s fifty day moving average is 6.24 and its two-hundred day moving average is 7.16.

Insider Activity

In other news, Director Arthur B. Laffer acquired 20,000 shares of NexPoint Diversified Real Estate Trust stock in a transaction on Monday, April 8th. The shares were acquired at an average price of 6.12 per share, with a total value of 122,400.00. Following the purchase, the director now directly owns 68,276 shares in the company, valued at approximately 417,849.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.