NexPoint Diversified Real Estate Trust Plans Monthly Dividend of $0.05 (NYSE:NXDT)

NexPoint Diversified Real Estate Trust (NYSE:NXDTGet Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Tuesday, May 24th will be given a dividend of 0.05 per share on Tuesday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, May 23rd.

NexPoint Diversified Real Estate Trust stock opened at 15.72 on Thursday. The business has a fifty day simple moving average of 15.50. NexPoint Diversified Real Estate Trust has a 52 week low of 11.53 and a 52 week high of 16.15.

In other news, insider James D. Dondero purchased 37,515 shares of the business’s stock in a transaction dated Monday, February 14th. The shares were acquired at an average price of 15.05 per share, with a total value of 564,600.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James D. Dondero purchased 10,500 shares of the business’s stock in a transaction dated Tuesday, April 5th. The shares were purchased at an average cost of 16.02 per share, for a total transaction of 168,210.00. Following the purchase, the insider now directly owns 84,785 shares of the company’s stock, valued at 1,358,255.70. The disclosure for this purchase can be found here. In the last three months, insiders acquired 280,712 shares of company stock worth $4,306,741.

About NexPoint Diversified Real Estate Trust (Get Rating)

NexPoint Diversified Real Estate Trust is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio.

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Dividend History for NexPoint Diversified Real Estate Trust (NYSE:NXDT)

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