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

NexPoint Diversified Real Estate Trust (NYSE:NXDT) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.15 per share on Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 11.88%. The ex-dividend date of this dividend is Friday, February 28th.

NexPoint Diversified Real Estate Trust has increased its dividend payment by an average of 25.2% annually over the last three years.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT stock opened at $5.05 on Thursday. The firm has a 50-day moving average price of $5.77 and a 200 day moving average price of $5.77. NexPoint Diversified Real Estate Trust has a twelve month low of $4.67 and a twelve month high of $7.60.

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.