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NEW YORK - Rithm Capital Corp. (NYSE:RITM) announced Wednesday that its Board of Directors has declared a second quarter 2025 common stock dividend of $0.25 per share, payable on July 31 to shareholders of record on June 30. The company maintains an attractive 9% dividend yield and has consistently paid dividends for 13 consecutive years, according to InvestingPro data.
The company also declared dividends for its preferred stock series. The Series A preferred stock will receive $0.6638017 per share (10.390% rate), Series B will receive $0.6534517 per share (10.228% rate), and Series C will receive $0.6105823 per share (9.557% rate). All three series accrue dividends at floating rates based on three-month CME SOFR plus spread adjustments.
For the Series D fixed-rate preferred stock, the company declared a dividend of $0.4375000 per share. All preferred stock dividends will be paid on August 15 to shareholders of record on August 1.
Rithm Capital describes itself as a global asset manager focused on credit and real estate assets, with an integrated investment platform spanning residential and commercial lending, mortgage servicing rights, and structured credit. The company operates through subsidiaries including Newrez, Genesis Capital, and Sculptor Capital Management.
The dividend announcement was made in a company press release.
In other recent news, Rithm Capital Corp. has successfully priced an offering of $500 million in senior unsecured notes with an 8% interest rate, set to mature in 2030. The proceeds from this offering are intended to partially redeem existing 6.250% senior unsecured notes due in 2025, while the remaining funds will be used for general corporate purposes, including potential debt repayment. BTIG analysts have reaffirmed their Buy rating for Rithm Capital, maintaining a price target of $16.00, and highlighting the company’s estimated net asset value at $12.70 per share. Piper Sandler also maintains an Overweight rating with a $14.00 price target, citing Rithm’s strong position in the mortgage servicing market through its subsidiary Newrez.
Rithm Capital is exploring strategic initiatives such as a potential spin-off of its mortgage business, Newrez, which could enhance shareholder value. At the company’s recent annual meeting, shareholders elected two Class III directors and ratified Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2025. Additionally, the stockholders approved the compensation for the company’s named executive officers. These developments underscore Rithm Capital’s ongoing efforts to strengthen its financial position and explore growth opportunities in the asset management sector.
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