Redwood Trust Reports Q3 2024 Earnings with Increased Dividend and Improved Metrics
Redwood Trust (RWT) reported Q3 2024 earnings with a 6% increase in dividends to $0.17 per share, marking the first rise since 2021. GAAP earnings were $13 million, or $0.09 per share, down from the prior quarter, while EAD reached $25 million, or $0.18 per share, showing improvement. The company also noted strong returns on capital in key segments.
Topics: dividend earnings financial performance mortgage banking return on capital