Tuesday, March 31, 2020

New Residential Investment Corp. decreases dividend

New Residential Investment Corp. (NRZ) board declared a quarterly dividend of $0.05 per common share for the first quarter 2020. The dividend is payable on May 15, 2020 to common shareholders of record on April 15, 2020.

This is quite a dramatic dividend reduction from $0.50 per share to $0.05 per share. Corona Virus if affecting their business quite a lot. Lets hope situation improves soon.

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