Business Context and Reporting Period
Company: Redwood Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 11, 2024
Reporting Period: Third Quarter 2024 (Dividend Declaration)
This filing serves as a Regulation FD disclosure announcing the Board of Directors' declaration of dividends for the third quarter of 2024 for both common and preferred stockholders.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data provided relates to dividend declarations:
- Common Stock Dividend: $0.17 per share (Regular quarterly dividend).
- Preferred Stock Dividend (Series A): $0.625 per share (10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock).
Material Changes
The filing does not report material changes to financial performance, operations, or capital structure compared to prior periods. It solely reports the routine declaration of quarterly dividends.
Guidance, Outlook, and Management Commentary
Dividend Payment Schedule:
- Common Stock: Payable on September 30, 2024, to stockholders of record on September 23, 2024.
- Series A Preferred Stock: Payable on October 15, 2024, to stockholders of record on October 1, 2024.
Management Commentary: The filing contains no forward-looking guidance, risk updates, or unusual items beyond the standard dividend announcement.
Investor Verification Checklist
- Verify the record dates (September 23, 2024 for common; October 1, 2024 for preferred) to ensure eligibility for the declared dividends.
- Confirm the payment dates (September 30, 2024 for common; October 15, 2024 for preferred) for cash flow planning.
- Note that this 8-K does not include Q3 2024 earnings results; investors should refer to the upcoming 10-Q or earnings press release for operational metrics.