Redwood Trust Reset Rate Cumulative Redeemable Preferred Stock Yield Pushes Past 10%
July 01, 2024 at 14:16 PM EDT
In trading on Monday, shares of Redwood Trust Inc's SeriesA Reset Rate Cumulative Redeemable Preferred Stock (RWT. RA) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.50), with shares changing hands as low as $24.55 on the day.
