NexPoint Residential Trust (NXRT) recently made a significant announcement regarding its dividend payout. The board of directors unanimously approved a dividend of 53 cents per share of NXRT common stock. This dividend is set to be paid out on December 31 to stockholders of record on December 15.
This latest dividend increase represents a 3.9% rise over the previous quarter’s dividend per share. Furthermore, it showcases an impressive increase of 157.3% since the company’s inception in 2015. This announcement is sure to be welcomed by investors who have been following NXRT’s performance closely.
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Overall, the recent dividend announcement from NexPoint Residential Trust is a positive development for investors. With a history of consistent growth and a commitment to shareholder value, NXRT continues to be a strong contender in the real estate investment trust (REIT) sector. Stay tuned for more updates on NXRT and other investment opportunities in the market.
