Redwood Trust, a financial REIT, will pay a special dividend of $3.00 on December 8 if you own the stock at market opening on Wednesday, November 22. That’s 5.2% of the share price of $58.240. Redwood’s 2006 dividends will be mostly taxed as earning dividend, with the balance as return of capital dividend. The company will distribute information on the tax composition of its 2006 dividends in January. RWT already paid a $3 per share dividend earlier this year. The REIT will also pay its fourth quarter regular cash dividend of $0.70 per share, payable on January 22, 2007 to stockholders as of December 27, 2006. It also will increase its regular dividend to a rate of $0.75 per share per quarter during 2007.

RWT quote

This entry was posted on Tuesday, November 14th, 2006 at 7:07 pm and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.