Stock News Buzz: Redwood Trust (NYSE:RWT)

Redwood Trust (NYSE:RWT) changed -3.42% to recent value of $8.75. The stock transacted 1618850 shares during most recent day however it has an average volume of 1.55M shares. It spotted trading -51.42% off 52-week high price. On the other end, the stock has been noted 308.88% away from the low price over the last 52-weeks.

On Dec. 7, 2020, Redwood Trust (NYSE:RWT) reported that its Board of Directors authorized the declaration of a fourth quarter regular dividend of $0.14 per share.  This marks the company’s 86th consecutive quarterly dividend. The fourth quarter 2020 dividend is payable on December 29, 2020 to stockholders of record on December 17, 2020.

The payment of regular dividends is an important element of delivering value to our shareholders. We remain committed to delivering an attractive dividend while continuing to strategically deploy capital going forward, said Christopher J. Abate, Chief Executive Officer of Redwood Trust.

RWT has a gross margin of 22.60%. Its earnings per share (EPS) expected to touch remained 14.10% for this year while earning per share for the next 5-years is expected to reach at 0.36%.

The company has 113.40M of outstanding shares and 110.90M shares were floated in the market. The price moved ahead of -2.15% from the mean of 20 days, 3.68% from mean of 50 days SMA and performed 19.10% from mean of 200 days price. Company’s performance for the week was 1.16%, 4.04% for month and YTD performance remained -47.10%.

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