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

NexPoint Diversified Real Estate Trust (NYSE:NXDT) announced a quarterly dividend on Wednesday, February 19th,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 dividend on an annualized basis and a yield of 11.88%. The ex-dividend date is Friday, February 28th.

NexPoint Diversified Real Estate Trust has raised its dividend by an average of 25.2% per year over the last three years.

NexPoint Diversified Real Estate Trust Price Performance

NYSE NXDT traded down $0.05 during midday trading on Wednesday, hitting $5.05. The company had a trading volume of 104,356 shares, compared to its average volume of 175,461. NexPoint Diversified Real Estate Trust has a twelve month low of $4.67 and a twelve month high of $7.60. The firm has a 50-day moving average price of $5.78 and a 200-day moving average price of $5.78.

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.