Redwood Trust, Inc. Common Stock (RWT)

Mortgage applications in the US saw a 1.9% increase for the week ending May 17, continuing an upward trend. Refinancing applications surged by 7% and stocks of mortgage-sensitive firms are on the rise.

RWT stock results show that Redwood Trust missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.

These higher-yielding dividend stocks look like safer bets than Redwood Trust.

Companies Reporting Before The Bell • Barclays (NYSE:BCS) is likely to report quarterly earnings at $0.36 per share on revenue of $7.38 billion.

As the day concludes, Redwood Trust (NYSE:RWT) is preparing to distribute a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 8.98%. This payout is exclusive to investors who held the stock before the ex-dividend date on December 19, 2023.

REIT Redwood Trust has a huge yield, but income investors need to look at its dividend history before jumping aboard.

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Companies Reporting Before The Bell • HSBC Holdings (NYSE:HSBC) is likely to report earnings for its third quarter.