CreXus Investment Corp. (NYSE: CXS) announced today distribution of the common stock cash dividend ($0.30/share for the third quarter 2011).
“The increase in our dividend is attributable to our expanded origination platform and the refinancing of parts of the Barclays’ portfolio acquired less than six months ago. We believe our shareholders will continue to see the benefits of the breadth and diversity of our platform in the quarters and years ahead.” commented Kevin Riordan, President and CEO of CreXus.
You may consider taking a closer look at CreXus Investment’s (CXS). Dividend of $.30/share in quarter for company’s stock traded below $9/share is definitely attractive bet.
Crexus Investment Corp.
1211 Avenue of the Americas
New York, NY 10036
CreXus acquires, manages and finances, directly or through its subsidiaries, commercial mortgage loans and other commercial real estate-related debt, commercial real property, commercial mortgage-backed securities, other commercial real estate-related assets and, to the extent necessary for regulatory purposes, residential mortgage-backed securities for remortgage deals. CreXus principal business objective is to provide attractive risk-adjusted returns to our investors over the long-term, primarily through dividends and secondarily through capital appreciation.