NexPoint Diversified Real Estate Trust (NYSE:NXDT) Plans Quarterly Dividend of $0.15

NexPoint Diversified Real Estate Trust (NYSE:NXDT) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Thursday, August 15th will be given a dividend of 0.15 per share on Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date is Thursday, August 15th.

NexPoint Diversified Real Estate Trust has decreased its dividend by an average of 21.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

NexPoint Diversified Real Estate Trust Price Performance

NYSE:NXDT opened at 6.33 on Thursday. NexPoint Diversified Real Estate Trust has a 1 year low of 4.67 and a 1 year high of 11.93. The stock has a 50-day moving average price of 5.53 and a two-hundred day moving average price of 6.07.

Insider Activity

In related news, insider James D. Dondero purchased 16,489 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Monday, June 24th. The stock was bought at an average price of 4.93 per share, for a total transaction of 81,290.77. Following the completion of the acquisition, the insider now directly owns 162,269 shares of the company’s stock, valued at 799,986.17. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other NexPoint Diversified Real Estate Trust news, insider James D. Dondero acquired 9,832 shares of the stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of 5.44 per share, for a total transaction of 53,486.08. Following the completion of the acquisition, the insider now directly owns 258,025 shares of the company’s stock, valued at 1,403,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Dondero bought 16,489 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was acquired at an average cost of 4.93 per share, with a total value of 81,290.77. Following the transaction, the insider now owns 162,269 shares of the company’s stock, valued at approximately 799,986.17. The disclosure for this purchase can be found here. Insiders have acquired 90,016 shares of company stock worth $480,132 in the last 90 days.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.