1. Starwood Property Trust announced tax treatment for 2024 dividend distributions. 2. The total cash dividend per share for 2024 is $1.92. 3. A substantial portion of the dividend will impact tax reporting for shareholders. 4. The company aims for stable returns primarily through dividends. 5. Starwood has managed over $26 billion in investments since inception.
The announcement of dividends is standard, likely having minimal impact on price.
Dividend announcements affect shareholder perception and immediate cash flow expectations.
Dividend announcements typically influence stock price in the short-term only.
Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced the tax treatment for the Company's distributions on its common stock (CUSIP: 85571B105) paid with respect to the calendar year ended December 31, 2024:
(Boxes 1a + 2a + 3)
| Box | Description | Value |
|---|---|---|
| 1a | Cash Distribution | 0.4800 |
| 2a | Ordinary Taxable Dividend | 0.3807 |
| 2e | Nondividend Distributions | 0.0000 |
| 6/30/2024 | Record Date | $0.4800 |
1.9200 total dividends
(i) Amounts in Box 1b, Box 2e, and Box 5 are included in Box 1a. (ii) For purposes of the disclosure required by Treas. Reg. Sec. 1.1061-6(c), the Company reports to direct or indirect holders of an 'applicable partnership interest' that the portion of the amounts shown on Box 2a relating to the 'One Year Amounts Disclosure' is equal to $0.0328 and the portion relating to the 'Three Year Amounts Disclosure' is equal to $0.0280.
(iii) Amounts in Box 2b and Box 2f are included in Box 2a. (iv) Amounts in Box 3 are also known as Return of Capital.
Starwood Property Trust (NYSE: STWD), is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm Starwood Capital Group, the Company has successfully deployed over $100 billion of capital since inception and manages a portfolio of over $26 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk-adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: info@starwoodpropertytrust.com