NEW YORK--(BUSINESS WIRE)--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.