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SOURCE Redwood Trust, Inc.
MILL VALLEY, Calif., Feb. 20, 2013 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT) today announced that its Board of Directors authorized the declaration of a first quarter regular dividend of $0.28 per share. The first quarter 2013 dividend is payable on March 29, 2013, to stockholders of record on March 15, 2013.
"The payment of regular dividends remains a priority for Redwood. Our first quarter dividend will mark our 55th consecutive quarterly dividend and the first increase in our regular dividend in six years," said Marty Hughes, Redwood's CEO.
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