Redwood Trust, Inc.
RWTReal Estate · Stock · quarterly payer
$5.33
Add to PortfolioForward Yield
13.51%
Annual Dividend
$0.72
Payout Ratio
329%
5-Yr Growth
5.2%
Ex-Date
Mar 24, 2026
Frequency
Quarterly
RWT Dividend Safety Score
44/ 100
Grade D
Risky
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage329% of earnings paid out
Balance-sheet strengthDebt/equity of 26.56
Yield vs its historyYield is 1.4× its 5-yr average — elevated
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is RWT a good dividend stock?
MixedRedwood Trust, Inc. (RWT) pays a quarterly dividend yielding 13.51% ($0.72/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 5.2% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (329%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 13.51%
- Payout Ratio
- 329%
- Annual Dividend
- $0.72
- 5-Yr Avg Growth
- 5.2%
- Ex-Dividend Date
- Mar 24, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.42
- Market Cap
- $667.4M
- P/E Ratio
- —
- 5-Yr Total Return
- -56%
- 52-Week Range
- $5.00 – $6.97
- Dividend Safety
- D · 44/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 24, 2026 | — | $0.1800 | regular |
| Dec 23, 2025 | — | $0.1800 | regular |
| Sep 23, 2025 | — | $0.1800 | regular |
| Jun 23, 2025 | — | $0.1800 | regular |
| Mar 24, 2025 | — | $0.1800 | regular |
| Dec 23, 2024 | — | $0.1800 | regular |
| Sep 23, 2024 | — | $0.1700 | regular |
| Jun 21, 2024 | — | $0.1600 | regular |
| Mar 20, 2024 | — | $0.1600 | regular |
| Dec 19, 2023 | — | $0.1600 | regular |
| Sep 21, 2023 | — | $0.1600 | regular |
| Jun 22, 2023 | — | $0.1600 | regular |
| Mar 23, 2023 | — | $0.2300 | regular |
| Dec 19, 2022 | — | $0.2300 | regular |
Income Calculator
At $0.72 / yr per share
Per payment (quarterly)$18.00
Annual$72.00
Monthly avg$6.00
