RWT Dividend History & Analysis | 12.5% Yield

RWT has a dividend yield of 12.5% and paid 0.72 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 12.53%
Payout Ratio 3.7%
Growth Rate CAGR 5y -1.98%
Consistency Lifetime 88.2%
Yield on Cost 5y 12.37%
Payout FCF -
Streak Years 31
Dividend Rating 53.73%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -4.6%
Total Return 5y: -2.7%

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DX 2,796 M 15.6% 20.2%
MFA 990 M 15.1% 17.2%
AGNC 12,671 M 14.7% 17.2%
NLY 16,267 M 13.8% 15.7%
PMT 1,029 M 13.1% 15.7%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
MFA 990 M 39.1% 86.6%
NLY 16,267 M 33.6% 88.5%
IVR 617 M 40.9% 84.4%
ARR 1,959 M 24.5% 81.7%
TWO 1,251 M 24.4% 85.8%

Quality Dividend Peers in Mortgage REITs

NLY
Annaly Capital
 13.76% Yield

RWT Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-23 2025-12-23 2025-12-30 Quarterly 0.18 0% 3.24%
2025-09-23 2025-09-23 2025-09-30 Quarterly 0.18 0% 3.16%
2025-06-23 2025-06-23 2025-06-30 Quarterly 0.18 0% 3.3%
2025-03-24 2025-03-24 2025-03-31 Quarterly 0.18 0% 2.9%
2024-12-23 2024-12-23 2024-12-30 Quarterly 0.18 5.9% 2.74%
2024-09-23 2024-09-23 2024-09-30 Quarterly 0.17 6.3% 2.19%
2024-06-21 2024-06-21 2024-06-28 Quarterly 0.16 0% 2.52%
2024-03-20 2024-03-21 2024-03-28 Quarterly 0.16 0% 2.69%
2023-12-19 2023-12-20 2023-12-28 Quarterly 0.16 0% 2.16%
2023-09-21 2023-09-22 2023-09-29 Quarterly 0.16 0% 2.19%
2023-06-22 2023-06-23 2023-06-30 Quarterly 0.16 -30.4% 2.54%
2023-03-23 2023-03-24 2023-03-31 Quarterly 0.23 0% 3.64%
2022-12-19 2022-12-20 2022-12-28 Quarterly 0.23 0% 3.27%
2022-09-22 2022-09-23 2022-09-30 Quarterly 0.23 0% 3.37%
2022-06-22 2022-06-23 2022-06-30 Quarterly 0.23 0% 3.31%
2022-03-23 2022-03-24 2022-03-31 Quarterly 0.23 0% 2.18%
2021-12-16 2021-12-17 2021-12-28 Quarterly 0.23 9.5% 1.72%
2021-09-22 2021-09-23 2021-09-30 Quarterly 0.21 16.7% 1.69%
2021-06-22 2021-06-23 2021-06-30 Quarterly 0.18 12.5% 1.48%
2021-03-23 2021-03-24 2021-03-31 Quarterly 0.16 14.3% 1.54%
2020-12-16 2020-12-17 2020-12-29 Quarterly 0.14 0% N/A
2020-09-21 2020-09-22 2020-09-29 Quarterly 0.14 12% N/A
2020-06-19 2020-06-22 2020-06-29 Quarterly 0.125 -60.9% N/A
2020-03-13 2020-03-16 2020-05-08 Quarterly 0.32 6.7% N/A
2019-12-13 2019-12-16 2019-12-30 Quarterly 0.3 0% N/A
2019-09-13 2019-09-16 2019-09-30 Quarterly 0.3 0% N/A
2019-06-13 2019-06-14 2019-06-28 Quarterly 0.3 0% N/A
2019-03-14 2019-03-15 2019-03-29 Quarterly 0.3 0% N/A
2018-12-13 2018-12-14 2018-12-28 Quarterly 0.3 0% N/A
2018-09-13 2018-09-14 2018-09-28 Quarterly 0.3 0% N/A
2018-06-14 2018-06-15 2018-06-29 Quarterly 0.3 7.1% N/A
2018-03-14 2018-03-15 2018-03-29 Quarterly 0.28 0% N/A
2017-12-14 2017-12-15 2017-12-28 Quarterly 0.28 0% N/A
2017-09-14 2017-09-15 2017-09-29 Quarterly 0.28 0% N/A
2017-06-14 2017-06-16 2017-06-30 Quarterly 0.28 0% N/A
2017-03-14 2017-03-16 2017-03-31 Quarterly 0.28 0% N/A
2016-12-13 2016-12-15 2016-12-29 Quarterly 0.28 0% N/A
2016-09-13 2016-09-15 2016-09-30 Quarterly 0.28 0% N/A
2016-06-14 2016-06-16 2016-06-30 Quarterly 0.28 0% N/A
2016-03-14 2016-03-16 2016-03-31 Quarterly 0.28 0% N/A
2015-12-15 2015-12-17 2015-12-29 Quarterly 0.28 0% N/A
2015-09-11 2015-09-15 2015-09-30 Quarterly 0.28 0% N/A
2015-06-12 2015-06-16 2015-06-30 Quarterly 0.28 0% N/A
2015-03-13 2015-03-17 2015-03-31 Quarterly 0.28 0% N/A
2014-12-11 2014-12-15 2014-12-29 Quarterly 0.28 0% N/A
2014-09-11 2014-09-15 2014-09-30 Quarterly 0.28 0% N/A
2014-06-11 2014-06-13 2014-06-30 Quarterly 0.28 0% N/A
2014-03-12 2014-03-14 2014-03-31 Quarterly 0.28 0% N/A
2013-12-11 2013-12-13 2013-12-27 Quarterly 0.28 0% N/A
2013-09-11 2013-09-13 2013-09-30 Quarterly 0.28 0% N/A

RWT Dividend FAQ

Redwood Trust, Inc. (NYSE:RWT) is a U.S. specialty-finance REIT that segments its business into three lines: (1) Sequoia Mortgage Banking, which purchases residential loans from third-party originators for sale, securitization, or portfolio retention and hedges associated credit risk; (2) CoreVest Mortgage Banking, which originates business-purpose loans to investors for single-family and multifamily properties and bridges those loans to the secondary market; and (3) Redwood Investments, which holds a diversified portfolio of residential MBS, Freddie Mac K-Series multifamily securities, re-performing loan pools, servicer advances, and other housing-related assets. The REIT structure allows earnings to flow through to shareholders with limited corporate taxation.

What is the Dividend Yield of RWT?

As of February 2026, RWT`s dividend yield is 12.53%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.72 USD by the current share price of 5.66.

Does RWT pay a dividend?

As of February 2026, RWT paid a dividend of 0.72 USD in the last 12 months. The last dividend was paid on 2025-12-23 and the payout was 0.18 USD.

How often does RWT pay dividends?

RWT pays dividends quarterly. Over the last 12 months, RWT has issued 4 dividend payments. The last dividend payment was made on 2025-12-23.

RWT dividend forecast

Based on historical data, the forecasted dividends per share for RWT for the next 4 payments are between 0.085 (-52.8%) and 0.186 (+3.3%).
This represents a significant dividend cut compared to the last payment.

Will RWT pay dividends in 2026?

The latest dividend paid per share was 0.18 USD with an Ex-Dividend Date of 2025-12-23. The next Ex-Dividend date for Redwood Trust (RWT) is currently unknown.

What is the next Ex-Dividend Date for RWT?

The next Ex-Dividend date for Redwood Trust (RWT) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of RWT?

RWT's average dividend growth rate over the past 5 years is -1.98% per year.
Negative growth: RWT's Dividend growth is negative and declining.

What is the Yield on Cost of RWT?

RWT's 5-Year Yield on Cost is 12.4%. If you bought RWT's shares at 5.82 USD five years ago, your current annual dividend income (0.72 USD per share, trailing 12 months) equals 12.4% of your original purchase price.

What is the Payout Consistency of RWT?

RWT Payout Consistency is 88.2%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: Redwood Trust has a good track record of consistent dividend payments over its lifetime.

Does RWT have a good Dividend Yield?

RWT`s 12.53% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of RWT?

The Dividend Payout Ratio of RWT is 3.7%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of RWT?

RWT`s Overall Dividend Rating is 53.73%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

RWT Outstanding Shares Analysis

What is the Trend in RWT's Outstanding Shares?

Redwood Trust's outstanding shares have increased by approximately 5.33% annually over the past 3 years (Trend Reliability: 33.3%).

Watch carefully: The company is issuing new shares, diluting existing shareholders. Dividend growth may lag earnings growth as payouts are spread across more shares.

Has RWT ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
1994 208,000
1995 4,167,000 +1903.37%
1996 12,075,000 +189.78%
1997 14,118,000 +16.92%
1998 10,741,000 -23.92%
1999 8,785,000 -18.21%
2000 8,839,000 +0.61%
2001 13,658,400 +54.52%
2002 16,413,000 +20.17%
2003 19,427,000 +18.36%
2004 24,357,000 +25.38%
2005 25,202,000 +3.47%
2006 26,856,000 +6.56%
2007 32,511,000 +21.06%
2008 53,632,000 +64.97%
2009 77,677,000 +44.83%
2010 78,027,800 +0.45%
2011 78,397,000 +0.47%
2012 81,706,000 +4.22%
2013 84,395,000 +3.29%
2014 85,384,000 +1.17%
2015 76,627,000 -10.26%
2016 85,838,000 +12.02%
2017 109,621,000 +27.71%
2018 84,884,000 -22.57%
2019 152,983,000 +80.23%
2020 111,904,300 -26.85%
2021 143,540,000 +28.27%
2022 113,363,000 -21.02%
2023 116,283,000 +2.58%
2024 132,294,000 +13.77%
2025 129,018,000 -2.48%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-04 02:41