NexPoint Residential Trust hikes dividend by 10.5%

On October 25, 2022, NexPoint Residential Trust, Inc. (NXRT) announced that it will increase its quarterly dividend by 10.5 percent to $0.42 per share. This will mark 7 consecutive years of dividend growth and follows a dividend hike of 11.3% in 2021.

The increased NXRT dividend will be payable on December 30, 2022, to stockholders of record on December 15, 2022. A new annual rate of $1.68 per share yields 3.9% at a stock price of $43.40.

NexPoint Residential Trust, Inc is an externally advised Real Estate Investment Trust (REIT), focused on the acquisition, asset management, and disposition of multifamily assets, located primarily in the Southeast United States and Texas. NXRT is externally advised by NexPoint Real Estate Advisors, L.P. an affiliate of Highland Capital Management, L.P.