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

NexPoint Diversified Real Estate Trust (NYSE:NXDT) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.15 per share on Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date is Thursday, August 15th.

NexPoint Diversified Real Estate Trust has decreased its dividend by an average of 21.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NXDT stock opened at 5.73 on Wednesday. The company’s 50-day simple moving average is 5.61 and its two-hundred day simple moving average is 6.00. NexPoint Diversified Real Estate Trust has a one year low of 4.67 and a one year high of 11.12.

Insider Activity at NexPoint Diversified Real Estate Trust

In other news, insider James D. Dondero purchased 16,489 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of 4.93 per share, with a total value of 81,290.77. Following the transaction, the insider now owns 162,269 shares of the company’s stock, valued at 799,986.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NexPoint Diversified Real Estate Trust news, insider James D. Dondero purchased 16,489 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of 4.93 per share, for a total transaction of 81,290.77. Following the acquisition, the insider now owns 162,269 shares in the company, valued at approximately 799,986.17. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matt Mcgraner purchased 15,000 shares of the stock in a transaction dated Monday, July 8th. The stock was acquired at an average cost of 5.37 per share, with a total value of 80,550.00. Following the transaction, the insider now directly owns 80,386 shares in the company, valued at approximately 431,672.82. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 90,016 shares of company stock worth $480,132.

NexPoint Diversified Real Estate Trust Company Profile

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.