Redwood Trust, Inc. (NYSE: RWT) announced on September 10, 2026, that its Board of Directors has declared dividends for the third quarter of 2026. The Board authorized a regular common stock dividend of $0.18 per share, which is payable on September 30, 2026, to stockholders of record on September 23, 2026. This amount remains unchanged from the second quarter of 2026, marking the Company's 109th consecutive quarterly common dividend.
In addition to the common dividend, the Board declared a dividend for the 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock. The Series A dividend for the third quarter of 2026 is $0.625 per share. This dividend is payable on October 15, 2026, to stockholders of record on October 1, 2026.
The company also disclosed business updates regarding its asset disposition strategy. Redwood Trust has reached preliminary agreements to dispose of certain legacy bridge loans with an aggregate unpaid principal balance of up to approximately $190 million. The company estimates these proposed dispositions will result in an approximately 2% decrease in book value per share from the book value as of June 30, 2026. The transactions are targeted to close late in the third quarter or early in the fourth quarter of 2026, subject to the execution of definitive documentation and the satisfaction of customary closing conditions.
Furthermore, Redwood Trust announced a proposed private offering of Convertible Senior Notes due 2030. The offering is targeted at qualified institutional buyers pursuant to Rule 144A under the Securities Act. Neither the current report nor the related press release constitutes an offer to sell the notes or the shares of common stock that may be issued upon conversion.
