About New Residential Investment Corp. (NRZ) — Dividend Analysis 2026
New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans, and Corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans, and other opportunistic investments. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New Residential Investment Corp. was incorporated in 2011 and is based in New York, New York.
Is NRZ a good dividend investment in 2026?
NRZ offers a 119.51% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
NRZ DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your NRZ portfolio grows to $14.65M vs $10.25M without reinvestment. This is the compound interest effect in action.
NRZ dividend growth history & forecast
NRZ has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 119.51%.
Company generates negative FCF ($0) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.6B → +0.8B → +0.8B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 NRZ Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold NRZ.
Gross yield
119.51%
Tax rate
15.00%
After-tax yield
101.58%
Real yield (−CPI)
98.78%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
119.51%
116.71%
$11,951 / yr
🇺🇸 US Taxable (15%) ✓
15%
101.58%
98.78%
$10,158 / yr
🇺🇸 US Taxable (20%)
20%
95.61%
92.81%
$9,561 / yr
🇬🇧 UK ISA
0%
119.51%
116.71%
$11,951 / yr
🇬🇧 UK Taxable
8.75%
109.05%
106.25%
$10,905 / yr
🇨🇦 TFSA
0%
119.51%
116.71%
$11,951 / yr
🇨🇦 CA Taxable
25%
89.63%
86.83%
$8,963 / yr
🇦🇺 Super (pension)
15%
101.58%
98.78%
$10,158 / yr
🇦🇺 AU Taxable
30%
83.66%
80.86%
$8,366 / yr
🇩🇪 DE Taxable
26.375%
87.99%
85.19%
$8,799 / yr
🇫🇷 FR Taxable
30%
83.66%
80.86%
$8,366 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 NRZ Income Goal & Break-Even
Dividend Break-Even
1yr
Years for dividends to fully repay your NRZ investment of $10.89/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$11.7K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$9.2K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in NRZ for:
Shares needed
2,170
Capital required
$23,631
Monthly income
$2,000
Based on current dividend of $13.02/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 NRZ Dividend Payment Schedule
NRZ pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$27.66 / payment
$110.63 / year after tax
100 shares
$276.57 / payment
$1106.28 / year after tax
1,000 shares
$2765.69 / payment
$11062.75 / year after tax
📊 NRZ vs Real Estate Benchmarks
How NRZ compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▲+114.31% vs sectorBetter
NRZ
119.51%
avg
5.20%
5Y Dividend CAGR▼-54.10% vs sectorBelow avg
NRZ
-50.00%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
NRZ
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for NRZ sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ NRZ Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
Finnerty Kevin J
director:
A-Award
2022-06-30
8,048
—
—
Finnerty Kevin J
director
A-Award
2022-06-30
8,048
—
—
Sloves Andrew
director:
A-Award
2022-06-30
8,048
—
—
Sloves Andrew
director
A-Award
2022-06-30
8,048
—
—
Le Melle Patrice M
director:
A-Award
2022-05-27
8,874
—
—
Sloves Andrew
director:
A-Award
2022-05-27
8,874
—
—
Sloves Andrew
director
A-Award
2022-05-27
8,874
—
—
Saltzman David
director:
A-Award
2022-05-27
8,874
—
—
MCGINNIS ROBERT
director:
A-Award
2022-05-27
8,874
—
—
LENEHAN PAMELA F
director:
A-Award
2022-05-27
9,761
—
—
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
🔬
Financial Health Scores
Altman Z-Score
0.06
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
3/9
🔴 Weak fundamentals — dividend safety concern
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the NRZ dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →