NRZ - New Residential Following The Pandemic: New Company New Dividends

• New Residential's old business model got into trouble during spring, but its operating businesses are doing well in this environment.
• Shares traded at a steep discount to book value a couple of months ago, but following strong gains the discount to book value has declined a lot.
• Shares offer a solid yield that should grow further, as New Residential will likely raise its dividend in coming quarters.

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