Rithm CapitalNYSE: RITM

This article compares RITM's recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of RITM's quarterly core earnings/earnings available for distribution (“EAD”) which directly impacts the company's dividend sustainability. This article also projects RITM's dividend sustainability for Q3 – Q4 2024.

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared second quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the second quarter 2024. The second quarter common stock dividend is payable on July 26, 2024, to shareholders of record on July 1, 2024. Preferred Stock Dividends In accordance with the.

Rithm (RITM) reachead $11.26 at the closing of the latest trading day, reflecting a +1.26% change compared to its last close.

Rithm Capital has been the best performing mortgage REIT of late and also has 4 preferred stocks. This article focuses on 2 fixed-to-floating rate preferred stocks, symbols RITM-A and RITM-B, which will either be called fairly soon or become floating rate preferred stocks. At RITM-B's current price, its yield-to-call is 9.53% and if it is not called, it will float with a huge 11.38% yield at the current 3 month SOFR interest rate.

Rithm (RITM) is considering either spinning off its mortgage business or going public through an IPO.

Rithm (RITM) reported quarterly earnings of $0.48 per share, surpassing the Zacks Consensus Estimate of $0.41 per share. This is an improvement from earnings of $0.35 per share in the same quarter last year.

While the revenue and EPS of Rithm (RITM) provide insight into its performance in the quarter ending March 2024, it may be beneficial to also analyze how certain important metrics stack up against Wall Street forecasts and the figures from the same period last year.

It is expected that Rithm Capital's (RITM) Q1 results will show growth in interest income and servicing revenues.

Assess Rithm's (RITM) anticipated performance for the first quarter of 2024 by going beyond standard Wall Street forecasts and analyzing important metrics for a more comprehensive understanding.