Rithm Capital's Preferred Stock Ex-Dividend on January 31, 2025

Rithm Capital Corp announces an ex-dividend date of January 31, 2025, with a quarterly dividend of $0.4375 for RITM.PRD. This could lead to a 1.80% price adjustment. Investors should note the dividend yield of 7.21%, slightly below the average yield in the sector.

Date: 29-01-2025

AI Rating: 6

The report highlights key dividend information regarding Rithm Capital Corp's Reset Rate Series D Cumulative Preferred Stock (Symbol: RITM.PRD). It points out that on January 31, 2025, RITM.PRD will trade ex-dividend, impacting its share price. Given the quarterly dividend of $0.4375, RITM.PRD's share price is expected to drop approximately 1.80% to adjust for the dividend payment. This relationship between dividends and stock price is crucial for investors as it indicates how returns might be affected. The dividend yield of 7.21% is cited, illustrating a comparable performance in the context of the Real Estate preferred stock category, where the average yield is 7.76%. While RITM.PRD presents a strong yield, the slight difference could affect its attractiveness to dividend-focused investors.

Furthermore, the report notes that RITM.PRD shares were up about 0.1% on the day of reporting, whereas the common shares (Symbol: RITM) experienced a marginally higher increase of 0.3%. This may indicate a continued interest in Rithm Capital Corp's offerings from investors, despite the impending price adjustment due to the ex-dividend date.

Stocks: RITM