Starwood Waypoint Homes cuts dividend by 50 percent

Starwood Waypoint Homes (SFR) will cut its quarterly dividend to $0.11 per share.

As contemplated by the previously announced merger agreement with Invitation Homes Inc. (INVH), shareholders of the Company and stockholders of INVH are to receive a prorated dividend at each company’s current dividend rate for the period from its prior dividend record date until November 14, 2017, the date scheduled for the Company’s special shareholder meeting. As the Company’s prior dividend record date was September 29, 2017, its prorated dividend is calculated to be $0.11 per share. The Company’s dividend will be paid on November 7, 2017 to shareholders of record of the Company’s common shares as of the close of business on October 24, 2017.

Starwood Waypoint Homes owns and operates single-family rental homes in the United States. Starwood Waypoint Homes acquires, renovates, leases, maintains and manages single-family homes in markets that exhibit favorable demographics and long-term economic trends, as well as strengthening demand for rental properties.

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