NRZ Dividend raise


The Board of directors of NRZ decided to send me an increased dividend payment this past week.

NEW YORK, Jun. 21 /BusinessWire/ — New Residential Investment Corp. (NYSE:NRZ) announced today that its Board of Directors declared a quarterly dividend of $0.50 per common share for the second quarter of 2017, up from $0.48 per common share in the first quarter of 2017. The dividend is payable on July 28, 2017 to shareholders of record on July 3, 2017.

“This marks the second time New Residential increased its quarterly dividend this year, reflecting our longstanding commitment to grow earnings and optimize returns for our shareholders,” said Michael Nierenberg, Chief Executive Officer of New Residential.

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On Tuesday the 29th I dipped my toes into a small amount of NRZ. It was my second buy of it as it is a cash cow that just recently raised its dividend. This stock has been a great performer so far for me of course as always past performance does not equal future performance. It is also one of my favorite reits.

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