NEW YORK ( TheStreet) -- The ex-dividend date for Redwood (NYSE: RWT) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $12.14 as of 9:30 a.m. ET, the dividend yield is 8.5%.

The average volume for Redwood has been 709,700 shares per day over the past 30 days. Redwood has a market cap of $930.3 million and is part of the financial sector and real estate industry. Shares are down 20% year to date as of the close of trading on Monday.

Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages residential and commercial real estate loans and securities. The company has a P/E ratio of 15.6, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Redwood as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Redwood Ratings Report.

See our dividend calendar or top-yielding stocks list.
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