New Residential Declares a Second Quarter Dividend of $0.46 per Common Share
NEW YORK--(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 $0.46 per common share for the second quarter of 2016. The dividend is payable on July 29, 2016 to shareholders of record on July 7, 2016.
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 (NYSE: FIG), a global investment management firm.
New Residential Investment Corp.
Source: New Residential Investment Corp.
Released June 27, 2016