New Residential Declares a Fourth Quarter Dividend of $0.50 per Common Share
December 20 2018 - 4:15PM
Business Wire
New Residential Investment Corp. (NYSE:NRZ; “New Residential” or
the “Company”) announced today that its Board of Directors declared
a quarterly dividend of $0.50 per common share for the fourth
quarter of 2018. The dividend is payable on January 25, 2019 to
shareholders of record on December 31, 2018.
ABOUT NEW RESIDENTIAL
New Residential focuses on opportunistically investing in, and
actively managing, investments related to residential real estate.
The Company primarily targets investments in mortgage servicing
related assets and other related opportunistic investments. New
Residential is organized and conducts its operations to qualify as
a real estate investment trust (“REIT”) for federal income tax
purposes. The Company is managed by an affiliate of Fortress
Investment Group LLC, a global investment management firm.
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