RWT Dividend History & Yield

Redwood Trust, Inc. · NYSE

Stock Real Estate Quarterly payer High yieldMreitREIT
$4.42
-2.00% today
as of Sep 8, 2026
TTM yield
16.29%
$0.72/share over the last 12 months
Forward yield
16.29%
$0.72/share indicated annual rate
Annual dividend
$0.72
per share, forward
Per payment
$0.18
per share, every quarter
Frequency
Quarterly
4 payments a year
Next ex-dividend date
Sep 22, 2026 Estimated
in 14 days
Next pay date
Oct 6, 2026
in 28 days
Last ex-dividend date
Jun 23, 2026
$0.18 per share
Payout ratio
n/a
REIT: use FFO payout instead
Market cap
555.2M
P/E n/a
5y dividend CAGR
+3.0%
annualised, regular payments
Growth streak
0 yrs
no current streak
Years paying
30.5
since Mar 27, 1996
1y total return
-16.0%
price -27.8% + dividends 11.8%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Tue, Sep 22, 2026 (in 14 days) Oct 6, 2026 $0.18 $18.00 Estimated
Tue, Dec 22, 2026 (in 105 days) Jan 5, 2027 $0.18 $18.00 Estimated
Tue, Mar 23, 2027 (in 196 days) Apr 6, 2027 $0.18 $18.00 Estimated
Tue, Jun 22, 2027 (in 287 days) Jul 6, 2027 $0.18 $18.00 Estimated

Estimated dates and amounts are projected from RWT's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $0.72 per share.

Dividend payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from Sep 13, 2016 to Jun 23, 2026; most recent $0.18$0.00$0.20$0.40Sep 13, 2016: $0.28Sep '16Dec 13, 2016: $0.28Mar 14, 2017: $0.28Jun 14, 2017: $0.28Sep 14, 2017: $0.28Dec 14, 2017: $0.28Dec '17Mar 14, 2018: $0.28Jun 14, 2018: $0.30Sep 13, 2018: $0.30Dec 13, 2018: $0.30Mar 14, 2019: $0.30Mar '19Jun 13, 2019: $0.30Sep 13, 2019: $0.30Dec 13, 2019: $0.30Mar 13, 2020: $0.32Jun 19, 2020: $0.125Jun '20Sep 21, 2020: $0.14Dec 16, 2020: $0.14Mar 23, 2021: $0.16Jun 22, 2021: $0.18Sep 22, 2021: $0.21Sep '21Dec 16, 2021: $0.23Mar 23, 2022: $0.23Jun 22, 2022: $0.23Sep 22, 2022: $0.23Dec 19, 2022: $0.23Dec '22Mar 23, 2023: $0.23Jun 22, 2023: $0.16Sep 21, 2023: $0.16Dec 19, 2023: $0.16Mar 20, 2024: $0.16Mar '24Jun 21, 2024: $0.16Sep 23, 2024: $0.17Dec 23, 2024: $0.18Mar 24, 2025: $0.18Jun 23, 2025: $0.18Jun '25Sep 23, 2025: $0.18Dec 23, 2025: $0.18Mar 24, 2026: $0.18Jun 23, 2026: $0.18

Annual dividends per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$0.75$1.502017: $1.12$1.1220172018: $1.18$1.1820182019: $1.20$1.2020192020: $0.725$0.72520202021: $0.78$0.7820212022: $0.92$0.9220222023: $0.71$0.7120232024: $0.67$0.6720242025: $0.72$0.7220252026 (YTD): $0.36$0.362026 YTD

How much RWT do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month1,667$7,367$1,200
$500 / month8,334$36,833$6,000
$1,000 / month16,667$73,667$12,000

Based on the forward yield of 16.29%. $10,000 in RWT would currently pay about $1,629 a year ($136 a month on average). Model reinvestment and growth →

RWT dividend history

Show all 125 payments
Ex-datePay dateAmountChange
Jun 23, 2026 $0.18 +0.0%
Mar 24, 2026 $0.18 +0.0%
Dec 23, 2025 $0.18 +0.0%
Sep 23, 2025 $0.18 +0.0%
Jun 23, 2025 $0.18 +0.0%
Mar 24, 2025 $0.18 +0.0%
Dec 23, 2024 $0.18 +5.9%
Sep 23, 2024 $0.17 +6.2%
Jun 21, 2024 $0.16 +0.0%
Mar 20, 2024 $0.16 +0.0%
Dec 19, 2023 $0.16 +0.0%
Sep 21, 2023 $0.16 +0.0%
Jun 22, 2023 $0.16 -30.4%
Mar 23, 2023 $0.23 +0.0%
Dec 19, 2022 $0.23 +0.0%
Sep 22, 2022 $0.23 +0.0%
Jun 22, 2022 $0.23 +0.0%
Mar 23, 2022 $0.23 +0.0%
Dec 16, 2021 $0.23 +9.5%
Sep 22, 2021 $0.21 +16.7%
Jun 22, 2021 $0.18 +12.5%
Mar 23, 2021 $0.16 +14.3%
Dec 16, 2020 $0.14 +0.0%
Sep 21, 2020 $0.14 +12.0%

Payout risk check

Yield-trap heuristicElevated risk

RWT scores 50/100 on our yield-trap heuristic (elevated risk).

3 warning flags raised:

  • Yield above 12%, far above market norms
  • Payment was cut within the last 5 years
  • Share price down more than 15% over 1 year

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About Redwood Trust, Inc.

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. It operates through four segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The CoreVest Mortgage Banking segment operates a platform that originates residential investor loans for subsequent securitization, sale, or transfer into the Redwood Investments portfolio or into joint ventures.

Sector: Real Estate. Industry: REIT - Mortgage. First dividend on our records: Mar 27, 1996. 125 payments tracked.

RWT dividend FAQ

When is RWT's next ex-dividend date?

RWT's next ex-dividend date is Sep 22, 2026 (in 14 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.18 per share, expected on Oct 6, 2026.

How often does RWT pay dividends?

RWT pays dividends every quarter, 4 times a year. The most recent payment was $0.18 per share with an ex-date of Jun 23, 2026.

What is RWT's dividend yield?

RWT's trailing 12-month dividend yield is 16.29%, based on $0.72 per share paid over the last year and a share price of $4.42. The forward yield, using the indicated annual rate of $0.72 per share, is 16.29%.

How much does RWT pay per share?

RWT pays about $0.18 per share each quarter, which works out to roughly $0.72 per share a year. 100 shares would collect about $72.00 a year.

Has RWT grown or cut its dividend?

Over the last 5 years the regular payout has grown at 3.0% a year (+1.4% over the last year). RWT did cut a regular payment within the last 5 years.

How many shares of RWT do I need to earn $100 a month?

At the current forward yield of 16.29%, you would need about 1,667 shares of RWT (roughly $7,367 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.

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