Finance
TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock | TRTX Stock News
TPG RE Finance Trust (NYSE: TRTX) has announced a cash dividend of $0.3906 per share on its 6.25% Series C Cumulative Redeemable Preferred Stock for the third quarter of 2024. The dividend will be payable on September 30, 2024 to preferred stockholders of record as of September 20, 2024. This declaration by TRTX’s Board of Directors demonstrates the company’s commitment to providing regular returns to its preferred stockholders.
TPG RE Finance Trust (NYSE: TRTX) ha annunciato un dividendo in contante di $0,3906 per azione sulla sua azione privilegiata cumulativa rimborsabile di serie C al terzo trimestre del 2024. Il dividendo sarà pagabile il 30 settembre 2024 agli azionisti privilegiati registrati al 20 settembre 2024. Questa dichiarazione del Consiglio di Amministrazione di TRTX dimostra l’impegno dell’azienda a fornire rendimenti regolari ai propri azionisti privilegiati.
TPG RE Finance Trust (NYSE: TRTX) ha anunciado un dividendo en efectivo de $0.3906 por acción sobre sus acciones preferentes acumulativas rescatables de la serie C para el tercer trimestre de 2024. El dividendo será pagadero el 30 de septiembre de 2024 a los accionistas preferentes que estén registrados hasta el 20 de septiembre de 2024. Esta declaración de la Junta Directiva de TRTX demuestra el compromiso de la empresa de proporcionar retornos regulares a sus accionistas preferentes.
TPG RE Finance Trust (NYSE: TRTX)는 현금 배당금으로 주당 $0.3906을 발표하였습니다. 이는 6.25% C 시리즈 누적 상환 우선주에 대한 것으로, 2024년 3분기에 해당합니다. 배당금은 2024년 9월 30일에 우선주 소유자에게 지급될 예정이며, 소유자는 2024년 9월 20일 기준으로 등록된 사람들입니다. TRTX 이사회에서의 이번 선언은 우선주 소유자에게 정기적인 수익을 제공하겠다는 회사의 약속을 보여줍니다.
TPG RE Finance Trust (NYSE: TRTX) a annoncé un dividende en espèces de $0,3906 par action sur ses actions privilégiées cumulatives rachetables de série C pour le troisième trimestre de 2024. Le dividende sera payable le 30 septembre 2024 aux actionnaires privilégiés inscrits au 20 septembre 2024. Cette déclaration du Conseil d’Administration de TRTX démontre l’engagement de l’entreprise à fournir des rendements réguliers à ses actionnaires privilégiés.
TPG RE Finance Trust (NYSE: TRTX) hat eine Barausschüttung von $0,3906 pro Aktie auf ihre 6,25% C-Serie kumulativ rückkaufbare Vorzugsaktien für das dritte Quartal 2024 angekündigt. Die Ausschüttung wird am 30. September 2024 an die zum 20. September 2024 im Register stehenden Vorzugsaktionäre ausgezahlt. Diese Erklärung des Vorstandes von TRTX zeigt das Engagement des Unternehmens, seinen Vorzugsaktionären regelmäßige Renditen zu bieten.
Positive
- Consistent dividend payments indicate financial stability
- Preferred stockholders receive a fixed income stream
- 6.25% dividend rate is attractive in current market conditions
NEW YORK–(BUSINESS WIRE)–
TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the Company’s Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) for the third quarter of 2024. The Series C Preferred Stock dividend is payable on September 30, 2024 to preferred stockholders of record as of September 20, 2024.
ABOUT TRTX
TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset management firm TPG Inc. (NASDAQ: TPG). For more information regarding TRTX, visit https://www.tpgrefinance.com/.
FORWARD-LOOKING STATEMENTS
This press release contains “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward‐looking statements are subject to various risks and uncertainties, including, without limitation, risks and uncertainties relating to: the performance of the Company’s investments; global economic trends and economic conditions, including heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, stress to the commercial banking systems of the U.S. and Western Europe, labor shortages, currency fluctuations and challenges in global supply chains; the Company’s ability to originate loans that are in the pipeline and under evaluation by the Company; financing needs and arrangements; and the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue,” “payable” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, contain projections of results of operations, liquidity and/or financial condition or state other forward-looking information. Statements, among others, relating to the payment of dividends on a future date are forward-looking statements. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise. Past performance is not indicative nor a guarantee of future returns.
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INVESTOR RELATIONS
+1 (212) 405-8500
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MEDIA
TPG RE Finance Trust, Inc.
Courtney Power
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media@tpg.com
Source: TPG RE Finance Trust, Inc.
FAQ
What is the dividend amount for TRTX Series C Preferred Stock in Q3 2024?
TPG RE Finance Trust (TRTX) declared a cash dividend of $0.3906 per share on its 6.25% Series C Cumulative Redeemable Preferred Stock for the third quarter of 2024.
When is the TRTX Series C Preferred Stock dividend payable for Q3 2024?
The TRTX Series C Preferred Stock dividend for Q3 2024 is payable on September 30, 2024.
What is the record date for TRTX’s Q3 2024 preferred stock dividend?
The record date for TRTX’s Q3 2024 preferred stock dividend is September 20, 2024.
How often does TRTX pay dividends on its Series C Preferred Stock?
Based on the announcement of a quarterly dividend, TRTX appears to pay dividends on its Series C Preferred Stock on a quarterly basis.