Rithm Capital Declares $0.5469 Distribution on 8.75% Series F Preferred Stock
Rithm Capital Declares $0.5469 Distribution on 8.75% Series F Preferred Stock
Rithm Capital Corp. (RITM) has declared a dividend of $0.5469 per share on its 8.75% cumulative redeemable Series F preferred stock, according to a company announcement.
The payout reflects the fixed 8.75% annual coupon attached to the Series F issue, a common structure among mortgage real estate investment trusts that seek to raise preferred equity capital. Cumulative preferred shares obligate the issuer to make payments to shareholders before any distributions can flow to holders of common stock.
Where the Company Stands
Rithm Capital operates as an asset manager focused on real estate, credit, and financial services in the United States, with business lines spanning origination and servicing, residential transitional lending, and asset management alongside its investment portfolio. The company is classified in the REIT — Mortgage industry within the real estate sector.
In Thursday trading, shares of Rithm Capital changed hands at $9.49, down 0.52% from the prior close of $9.54, leaving the company with a market capitalization of roughly $5.69 billion.
Mortgage REITs like Rithm are sensitive to interest rate conditions, since borrowing costs and credit spreads shape both portfolio returns and funding expenses. Regular preferred dividends, such as the one declared this week, are part of the company’s fixed obligations on its capital stack and are typically paid on a set schedule regardless of fluctuations in the broader market.
What to watch
- Rithm Capital’s upcoming quarterly earnings report, which will detail portfolio performance and origination and servicing results.
- Any updates to the company’s asset management business or investment portfolio composition.
- Future dividend declarations on the Series F and other preferred series for consistency of payment timing.
- Interest rate trends, which influence funding costs across the mortgage REIT sector.
Source: original release