New Residential Investment Corp. (the “Company”; NYSE:NRZ) is pleased to
announce that its Board of Directors today approved a 9 percent increase
in the quarterly cash dividend to $0.38 per common share for the fourth
quarter of 2014. The dividend is payable on January 30, 2015 to
stockholders of record on December 30, 2014.
“As we head into 2015, we remain optimistic on investment opportunities,
confident in our Company’s ability to deliver strong performance across
our businesses and focused on generating strong cash flow to distribute
to our stockholders” said New Residential Chief Executive Officer
Michael Nierenberg.
ABOUT NEW RESIDENTIAL
New Residential focuses on opportunistically investing in, and actively
managing, investments related to residential real estate. The Company
primarily targets investments in: (1) excess mortgage servicing rights
(“MSRs”), (2) residential mortgage backed securities (“RMBS”) and
non-Agency RMBS call rights, as well as (3) other related opportunistic
investments. New Residential is organized and conducts its operations to
qualify as a real estate investment trust (“REIT”) for federal income
tax purposes. The Company is managed by an affiliate of Fortress
Investment Group LLC, a global investment management firm.
Copyright Business Wire 2014