Red Bank-based Zais Financial Corp. announced today its board has declared a cash dividend of 50 cents per share of the company's common stock and operating partnership unit for the third quarter ending Sept. 30. The dividend is payable Oct. 11.
According to the announcement, the company's current policy is to pay quarterly distributions that, on an annual basis, will equal all or substantially all of its net taxable income. Zais has also completed more than $260 million in whole loan purchases since June.
Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.View Comment Policy