Redwood Trust's Series A Preferred Stock Crosses Above 10% Yield Territory
March 25, 2024 at 14:36 PM EDT
In trading on Monday, shares of Redwood Trust Inc's SeriesA Reset Rate Cumulative Redeemable Preferred Stock (RWT. RA) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.50), with shares changing hands as low as $24.93 on the day.
