Rithm Capital Corp. Announces Q4 2024 Dividend Declarations

Rithm Capital Corp. Announces Fourth Quarter 2024 Dividends

Rithm Capital Corp. (NYSE:RITM) has proudly declared both common and preferred stock dividends for the fourth quarter of 2024. The announcement was made by the Company’s Board of Directors, reflecting their continued commitment to return value to shareholders.

Details of Common Stock Dividend

The Board has declared a dividend of $0.25 per share for common stock, which is set for payment on January 31, 2025. Shareholders on record as of December 31, 2024, will benefit from this distribution, reinforcing Rithm Capital’s dedication to enhancing shareholder value.

Preferred Stock Dividend Outlook

The preferred stock dividends denote a substantial aspect of Rithm Capital's financial health. The declared dividends for preferred stocks are as follows:

Series A Cumulative Redeemable Preferred Stock

The Board declared a Series A dividend of $0.6763961 per share for the fourth quarter of 2024, translating to an impressive yield of 10.587%. This rate is determined based on the three-month CME SOFR plus a spread adjustment, illustrating the dynamic nature of Rithm’s financial strategies.

Series B Cumulative Redeemable Preferred Stock

For the Series B shares, Rithm Capital has announced a dividend of $0.6660461 per share for the same period, corresponding to a yield of 10.425%. The flexible float allows Rithm to align its dividends with prevailing market conditions.

Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

The Series C dividend of $0.3984375 per share ensures rewarding returns for its holders, showcasing Rithm's ability to maintain strong performance across various sectors.

Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock

This series will see a dividend of $0.4375000 per share. The consistent payouts across preferred stocks exhibit Rithm Capital's robust framework for shareholder returns.

Dividend Payment Logistics

Dividends for the Series A, B, C, and D stocks are scheduled for payment on February 18, 2025. To ensure receipt of these payments, shareholders should be on record by the effective date of February 1, 2025.

About Rithm Capital Corp.

Operating as a global asset manager, Rithm Capital specializes in real estate, credit, and financial services. The firm engages in direct investments and manages several wholly-owned operating businesses. Its subsidiaries include Sculptor Capital Management, Inc., recognized for alternative asset management, along with Newrez LLC and Genesis Capital LLC, both leading platforms in mortgage origination and servicing. With its operations organized to qualify as a real estate investment trust (REIT), Rithm Capital is strategically anchored in New York City and has demonstrated a track record of delivering approximately $5.6 billion in dividends to shareholders since its founding in 2013.

Frequently Asked Questions

What is the common stock dividend declared by Rithm Capital for Q4 2024?

The declared common stock dividend is $0.25 per share for the fourth quarter of 2024.

When will the dividends for preferred stocks be paid?

The dividends for the Series A, B, C, and D preferred stocks are payable on February 18, 2025.

What are the dividend amounts for Series A and Series B?

The Series A dividend is $0.6763961 and the Series B dividend is $0.6660461 per share.

What has been Rithm Capital's total dividends paid since its inception?

Since its inception in 2013, Rithm Capital has paid approximately $5.6 billion in dividends to its shareholders.

Where is Rithm Capital headquartered?

Rithm Capital Corp. is headquartered in New York City.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.