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 $0.50 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.
Since I own 75 shares of NRZ, this increase will raise my 12 month forward dividends by $6.00
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