Barry Sternlicht in a letter to Starwood Property Trust REIT shareholders responded to the current pandemic with a dividend announcement.
The CEO of Starwood Capital Group announced a cash dividend of $0.48 per share of common stock for the quarter ending March 31, 2020 that is payable on April 15, 2020.
As of March 27, Starwood had approximately $800 million in cash.
Starwood Capital Group is looking to deploy significant financial resources and its global footprint to take advantage of market dislocations as they continue to rise. Sternlicht stressed that because of . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.