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Rithm Capital Corp. Announces Treatment of 2024 Taxable Dividends

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Rithm Capital (NYSE:RITM) has announced the tax treatment of its 2024 dividends for common and preferred stock. The company's common stock dividends totaled $1.00 per share for 2024, distributed quarterly at $0.25 per share. Each common dividend comprises $0.00533 qualified dividend and $0.24467 Section 199A dividend.

The company also detailed dividend distributions for four series of preferred stock: Series A ($2.12064/share), Series B ($2.03997/share), Series C ($1.59376/share), and Series D ($1.75000/share). All distributions were made in cash form, with specific allocations between qualified dividends and Section 199A dividends. No long-term capital gains or return of capital were included in any distributions.

Rithm Capital (NYSE:RITM) ha annunciato il trattamento fiscale dei dividendi per il 2024 sia per le azioni ordinarie che per quelle privilegiate. I dividendi delle azioni ordinarie sono stati fissati a $1,00 per azione per il 2024, distribuiti trimestralmente a $0,25 per azione. Ogni dividendo ordinario comprende $0,00533 di dividendi qualificati e $0,24467 di dividendi ai sensi della Sezione 199A.

L'azienda ha inoltre dettagliato le distribuzioni dei dividendi per quattro serie di azioni privilegiate: Serie A ($2,12064/azione), Serie B ($2,03997/azione), Serie C ($1,59376/azione) e Serie D ($1,75000/azione). Tutte le distribuzioni sono state effettuate in forma di contante, con specifiche suddivisioni tra dividendi qualificati e dividendi ai sensi della Sezione 199A. Non sono stati inclusi guadagni in conto capitale a lungo termine o restituzioni di capitale in nessuna distribuzione.

Rithm Capital (NYSE:RITM) ha anunciado el tratamiento fiscal de sus dividendos para 2024, tanto para acciones comunes como preferentes. Los dividendos de las acciones comunes sumaron $1,00 por acción para 2024, distribuidos trimestralmente a $0,25 por acción. Cada dividendo común comprende $0,00533 de dividendo calificado y $0,24467 de dividendo bajo la Sección 199A.

La empresa también detalló las distribuciones de dividendos para cuatro series de acciones preferentes: Serie A ($2,12064/acción), Serie B ($2,03997/acción), Serie C ($1,59376/acción) y Serie D ($1,75000/acción). Todas las distribuciones se realizaron en efectivo, con asignaciones específicas entre dividendos calificados y dividendos bajo la Sección 199A. No se incluyeron ganancias de capital a largo plazo ni devolución de capital en ninguna distribución.

리즘 캐피탈 (NYSE:RITM)은 2024년 일반 및 우선 주식에 대한 배당금의 세금 처리를 발표했습니다. 회사의 일반 주식 배당금은 2024년 주당 $1.00로 설정되었으며, 분기마다 주당 $0.25씩 배분됩니다. 각 일반 배당금은 $0.00533의 자격 있는 배당금과 $0.24467의 섹션 199A 배당금으로 구성됩니다.

회사 는 또한 네 가지 시리즈의 우선 주식에 대한 배당금 분배를 자세히 설명했습니다: 시리즈 A($2.12064/주), 시리즈 B($2.03997/주), 시리즈 C($1.59376/주), 시리즈 D($1.75000/주). 모든 분배는 현금 형태로 이루어졌으며, 자격 있는 배당금과 섹션 199A 배당금 간의 특정 할당이 있었습니다. 장기 자본 이득 또는 자본 반환은 어떤 분배에도 포함되지 않았습니다.

Rithm Capital (NYSE:RITM) a annoncé le traitement fiscal de ses dividendes pour 2024, tant pour les actions ordinaires que pour les actions privilégiées. Les dividendes des actions ordinaires s'élèvent à un total de 1,00 $ par action pour 2024, distribués trimestriellement à 0,25 $ par action. Chaque dividende ordinaire comprend 0,00533 $ de dividende qualifié et 0,24467 $ de dividende au titre de la section 199A.

La société a également détaillé les distributions de dividendes pour quatre séries d'actions privilégiées : Série A (2,12064 $/action), Série B (2,03997 $/action), Série C (1,59376 $/action) et Série D (1,75000 $/action). Toutes les distributions ont été effectuées en espèces, avec des allocations spécifiques entre dividendes qualifiés et dividendes au titre de la section 199A. Aucun gain en capital à long terme ni retour de capital n'a été inclus dans aucune distribution.

Rithm Capital (NYSE:RITM) hat die steuerliche Behandlung seiner Dividenden für 2024 für Stamm- und Vorzugsaktien bekannt gegeben. Die Dividenden der Stammaktien belaufen sich für 2024 auf insgesamt $1,00 pro Aktie, die vierteljährlich zu $0,25 pro Aktie verteilt werden. Jede Stammdividende setzt sich aus $0,00533 qualifizierten Dividenden und $0,24467 Dividenden gemäß Abschnitt 199A zusammen.

Das Unternehmen hat auch die Dividendenausschüttungen für vier Serien von Vorzugsaktien detailliert: Serie A ($2,12064/Aktie), Serie B ($2,03997/Aktie), Serie C ($1,59376/Aktie) und Serie D ($1,75000/Aktie). Alle Ausschüttungen wurden in bar vorgenommen, mit speziellen Zuteilungen zwischen qualifizierten Dividenden und Dividenden gemäß Abschnitt 199A. Langfristige Kapitalgewinne oder Rückstellungen von Kapital waren in keiner Ausschüttung enthalten.

Positive
  • Consistent quarterly dividend payments of $0.25 per share for common stock
  • Maintained regular preferred stock dividend payments across all series
  • 100% of distributions classified as dividends with no return of capital
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) today announced the tax treatment of its common and preferred stock dividends deemed taxable in 2024.

Common Stock Dividends

During 2024, taxable dividends for Rithm Capital’s common stock (CUSIP #64828T201) were approximately $1.00000 per share. The following table summarizes the tax treatment for common stock distributions.

 

Record

Pay

 

Ordinary

Qualified

Section
199A

Long-Term

Return
of

 

 

Date

Date(1)

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q1’24

04/01/24

04/26/24

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Q2’24

07/01/24

07/26/24

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Q3’24

10/01/24

11/01/24

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Q4’24

12/31/24

01/31/25

Cash

$0.25000

$0.00533

$0.24467

$0.00000

$0.00000

$0.25000

Series A Cumulative Redeemable Preferred Stock (“Series A”) Dividends

During 2024, taxable dividends for Rithm Capital’s Series A preferred stock (CUSIP #64828T300) were approximately $2.12064 per share. The following table summarizes the tax treatment for the 2024 Series A preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section
199A

Long-Term

Return
of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.46875

$0.01000

$0.45875

$0.00000

$0.00000

$0.46875

Q1’24

04/15/24

05/15/24

Cash

$0.46875

$0.01000

$0.45875

$0.00000

$0.00000

$0.46875

Q2’24

07/15/24

08/15/24

Cash

$0.46875

$0.01000

$0.45875

$0.00000

$0.00000

$0.46875

Q3’24

10/15/24

11/15/24

Cash

$0.71439

$0.01524

$0.69915

$0.00000

$0.00000

$0.71439

Series B Cumulative Redeemable Preferred Stock (“Series B”) Dividends

During 2024, taxable dividends for Rithm Capital’s Series B preferred stock (CUSIP #64828T409) were approximately $2.03997 per share. The following table summarizes the tax treatment for the 2024 Series B preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section
199A

Long-Term

Return
of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.44531

$0.00950

$0.43582

$0.00000

$0.00000

$0.44531

Q1’24

04/15/24

05/15/24

Cash

$0.44531

$0.00950

$0.43582

$0.00000

$0.00000

$0.44531

Q2’24

07/15/24

08/15/24

Cash

$0.44531

$0.00950

$0.43582

$0.00000

$0.00000

$0.44531

Q3’24

10/15/24

11/15/24

Cash

$0.70404

$0.01501

$0.68900

$0.00000

$0.00000

$0.70404

6.375% Series C Cumulative Redeemable Preferred Stock (“Series C”) Dividends

During 2024, taxable dividends for Rithm Capital’s Series C preferred stock (CUSIP #64828T508) were approximately $1.59376 per share. The following table summarizes the tax treatment for the 2024 Series C preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section
199A

Long-Term

Return
of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

Q1’24

04/15/24

05/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

Q2’24

07/15/24

08/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

Q3’24

10/15/24

11/15/24

Cash

$0.39844

$0.00850

$0.38994

$0.00000

$0.00000

$0.39844

7.00% Series D Fixed Rate Reset Cumulative Redeemable Preferred Stock (“Series D”) Dividends

During 2024, taxable dividends for Rithm Capital’s Series D preferred stock (CUSIP #64828T706) were approximately $1.75000 per share. The following table summarizes the tax treatment for the 2024 Series D preferred stock distributions.(2)

 

Record

Pay

 

Ordinary

Qualified

Section
199A

Long-Term

Return
of

 

 

Date

Date

Form

Dividend

Dividend(3)

Dividend(4)

Capital Gain

Capital

Total

Q4’23

01/16/24

02/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

Q1’24

04/15/24

05/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

Q2’24

07/15/24

08/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

Q3’24

10/15/24

11/15/24

Cash

$0.43750

$0.00933

$0.42817

$0.00000

$0.00000

$0.43750

The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their shares of Rithm Capital.

(1)

The Q4’24 common distribution is being treated as received by stockholders and taxable in 2024.

(2)

The Q4’24 preferred stock distribution is being treated as received by stockholders and taxable in 2025.

(3)

Qualified Dividend is a subset of, and included in, the Ordinary Dividend amount.

(4)

Section 199A Dividend is a subset of, and included in, the Ordinary Dividend amount.

ABOUT RITHM CAPITAL

Rithm Capital (NYSE: RITM) is a global asset manager focused on real estate, credit and financial services. Rithm makes direct investments and operates several wholly-owned operating businesses. Rithm’s businesses include Sculptor Capital Management, Inc., an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, leading mortgage origination and servicing platforms. Rithm seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately $5.6 billion in dividends to shareholders. Rithm is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes and is headquartered in New York City.

Investor Relations

212-850-7770

IR@rithmcap.com

Source: Rithm Capital Corp.

FAQ

What is RITM's common stock dividend amount for 2024?

RITM's common stock dividend for 2024 is $1.00 per share, paid in quarterly installments of $0.25 per share.

How are RITM's 2024 common stock dividends classified for tax purposes?

Each quarterly dividend of $0.25 consists of $0.00533 qualified dividend and $0.24467 Section 199A dividend, with no long-term capital gains or return of capital.

What is the dividend amount for RITM Series A preferred stock in 2024?

RITM Series A preferred stock dividends totaled $2.12064 per share in 2024, with quarterly payments varying between $0.46875 and $0.71439.

When is the Q4 2024 common stock dividend payable for RITM?

The Q4 2024 common stock dividend is payable on January 31, 2025, with a record date of December 31, 2024.

Rithm Capital Corp.

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