NexPoint Diversified Real Estate Trust (NYSE:NXDT) Plans Quarterly Dividend of $0.15

NexPoint Diversified Real Estate Trust (NYSE:NXDT) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.15 per share on Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend is Friday, February 28th.

NexPoint Diversified Real Estate Trust has increased its dividend payment by an average of 25.2% annually over the last three years.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NexPoint Diversified Real Estate Trust stock opened at $5.08 on Wednesday. The firm has a 50-day moving average of $5.67 and a 200-day moving average of $5.75. NexPoint Diversified Real Estate Trust has a 52-week low of $4.67 and a 52-week high of $7.60.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.