New Residential declares 7.5c special cash dividend New Residential announced that its board declared a 2Q14 dividend of 17.5c per common share and a special cash dividend of 7.5c per common share. The combined dividend of 25c is payable on July 31 to shareholders of record as of June 27.
New Residential to acquire Home Loan Servicing for $18.25 per share New Residential (NRZ) and Home Loan Servicing Solutions (HLSS) announced a definitive agreement under which New Residential will acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3B. The purchase price represents a 9% premium to HLSSí closing price of $16.76 on February 20. The acquisition has been approved by the boards of each company and is expected to close in Q2, subject to HLSS shareholder approval and other customary closing conditions.