Does RWT pay a dividend?

Yes. Redwood Trust, Inc. pays a quarterly dividend, currently yielding 19.35% based on trailing twelve-month payments of $0.72 per share.

How much does RWT pay in dividends?

$0.72 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next RWT ex-dividend date?

No upcoming ex-dividend date is currently on record for RWT. Dates appear here once the company declares them.

RWT Dividend

Redwood Trust, Inc.

NYSEReal EstateStockData as of September 23, 2026

Dividend yield: 19.35%
Annual dividend: $0.72
Payout ratio: 18.04
Frequency: Quarterly
Share price: $3.72
Market cap: $467M

Is RWT a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is far above the marketAt 19.35%, the yield is more than three times the median of 2.92% across US dividend payers. A yield rises when a share price falls, so an unusually high figure often reflects what the market expects rather than what management has promised.
Paying out more than it earnsA payout ratio of 18.04 exceeds reported earnings, which is normal for a REIT: large depreciation charges push accounting earnings well below the cash the business actually collects. Analysts judge REIT dividends against funds from operations instead.
Dividend has been cut 7 timesAcross 31 complete years, the annual total fell in 2009, 2020, 2023 and earlier. The most recent reduction was in 2023.

RWT dividend history

Annual dividend per share, 1995 to 2025.

Peak $3.15 in 2001Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for RWT, most recent first.
Ex-dividend date	Pay date	Amount	Type
September 23, 2026	September 30, 2026	$0.1800	Quarterly
June 23, 2026	June 30, 2026	$0.1800	Quarterly
March 24, 2026	March 31, 2026	$0.1800	Quarterly
December 23, 2025	December 30, 2025	$0.1800	Quarterly
September 23, 2025	September 30, 2025	$0.1800	Quarterly
June 23, 2025	June 30, 2025	$0.1800	Quarterly
March 24, 2025	March 31, 2025	$0.1800	Quarterly
December 23, 2024	December 30, 2024	$0.1800	Quarterly
September 23, 2024	September 30, 2024	$0.1700	Quarterly
June 21, 2024	June 28, 2024	$0.1600	Quarterly
March 20, 2024	March 28, 2024	$0.1600	Quarterly
December 19, 2023	December 28, 2023	$0.1600	Quarterly
September 21, 2023	September 29, 2023	$0.1600	Quarterly
June 22, 2023	June 30, 2023	$0.1600	Quarterly
March 23, 2023	March 31, 2023	$0.2300	Quarterly
December 19, 2022	December 28, 2022	$0.2300	Quarterly
September 22, 2022	September 30, 2022	$0.2300	Quarterly
June 22, 2022	June 30, 2022	$0.2300	Quarterly
March 23, 2022	March 31, 2022	$0.2300	Quarterly
December 16, 2021	December 28, 2021	$0.2300	Quarterly
September 22, 2021	September 30, 2021	$0.2100	Quarterly
June 22, 2021	June 30, 2021	$0.1800	Quarterly
March 23, 2021	March 31, 2021	$0.1600	Quarterly
December 16, 2020	December 29, 2020	$0.1400	Quarterly
September 21, 2020	September 29, 2020	$0.1400	Quarterly
June 19, 2020	June 29, 2020	$0.1250	Quarterly
March 13, 2020	May 8, 2020	$0.3200	Quarterly
December 13, 2019	December 30, 2019	$0.3000	Quarterly
September 13, 2019	September 30, 2019	$0.3000	Quarterly
June 13, 2019	June 28, 2019	$0.3000	Quarterly
March 14, 2019	March 29, 2019	$0.3000	Quarterly
December 13, 2018	December 28, 2018	$0.3000	Quarterly
September 13, 2018	September 28, 2018	$0.3000	Quarterly
June 14, 2018	June 29, 2018	$0.3000	Quarterly
March 14, 2018	March 29, 2018	$0.2800	Quarterly
December 14, 2017	December 28, 2017	$0.2800	Quarterly
September 14, 2017	September 29, 2017	$0.2800	Quarterly
June 14, 2017	June 30, 2017	$0.2800	Quarterly
March 14, 2017	March 31, 2017	$0.2800	Quarterly
December 13, 2016	December 29, 2016	$0.2800	Quarterly

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Frequently asked questions

Does RWT pay a dividend?: Yes. Redwood Trust, Inc. pays a quarterly dividend, currently yielding 19.35% based on trailing twelve-month payments of $0.72 per share.
How much does RWT pay in dividends?: $0.72 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next RWT ex-dividend date?: No upcoming ex-dividend date is currently on record for RWT. Dates appear here once the company declares them.