Rithm Capital (RITM) Stock

This article looks at RITM's latest dividend per share rates, yield percentages, and various measures of dividend sustainability in comparison to 19 other mREIT companies. It also examines RITM's quarterly core earnings and earnings available for distribution (EAD), which are important for understanding the company's ability to maintain its dividends. Additionally, the article forecasts RITM's dividend sustainability for the first and second quarters of 2025.

In the most recent trading session, Rithm (RITM) finished at $10.67, which is a decrease of 0.28% compared to the previous day.

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, referred to as "Rithm Capital" or the "Company") has announced that its Board of Directors has approved dividends for both common and preferred stock for the fourth quarter of 2024. The Board has set a common stock dividend of $0.25 per share, which will be paid on January 31, 2025, to shareholders who are on record as of December 31, 2024. Preferred stock dividends will also be issued accordingly.

Rithm Capital provides a reliable 9% yield, has a solid dividend coverage, and a varied source of income. The REIT has grown by making acquisitions, broadening its portfolio to include important asset management activities in addition to mortgage investments. With a dividend coverage ratio of 2.2x, RITM offers a strong safety net for dividend investors, backing its 9% yield.

Rithm (RITM) closed at $11.16 on the most recent trading day, showing a slight increase of 0.09% from its previous closing price.

Rithm Capital Corp. provides a 9% dividend yield, backed by solid coverage and growth potential, and it performs effectively in both increasing and decreasing interest rate situations. The company's varied approach, which includes mortgage servicing rights and mortgage origination, helps it manage interest rate changes better than many other mREITs. Recent performance indicates strong profits with an earnings yield near 20%, along with a rising cash reserve that allows for future investment opportunities.

RITM's interest income for the third quarter of 2024 has increased by 19.1% compared to the same period last year.

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm Capital”), a prominent alternative asset manager, has committed $500,000 to aid disaster response efforts following the destruction caused by Hurricanes Helene and Milton. This funding will benefit Habitat for Humanity and the Newrez Employee Emergency and Disaster (NEED) Fund, which is managed by its subsidiary, Newrez LLC, a well-known mortgage lender and servicer. “We are thinking of everyone affected by these events.”

The financial results for Rithm (RITM) provide an overview of the company's performance for the quarter ending in September 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.