Rithm Capital Corp. Declares First Quarter 2025 Common and Preferred Dividends

Rhea-AI Summary

Rithm Capital (NYSE:RITM) has announced its dividend distributions for the first quarter of 2025. The company declared a common stock dividend of $0.25 per share, payable on April 30, 2025, to shareholders of record on March 31, 2025.

The company also declared preferred stock dividends for its various series:

• Series A: $0.6419490 per share (10.387% rate)
• Series B: $0.6319365 per share (10.225% rate)
• Series C: $0.5904649 per share (9.554% rate)
• Series D: $0.4375000 per share (7.000% fixed-rate)

All preferred stock dividends will be paid on May 15, 2025, to shareholders of record on May 1, 2025.

Positive

• Maintained consistent quarterly dividend of $0.25 per common share
• High preferred dividend yields ranging from 7% to 10.387%

Negative

• None.

Insights

Financial Analyst

Rithm Capital's Q1 2025 dividend declaration maintains the $0.25 per share quarterly payout for common shareholders, which translates to an annual yield of approximately 8.6% at the current share price. This continuation signals stability in the company's dividend policy and suggests management confidence in near-term cash flow generation.

The preferred stock dividends present notably high yields in the current market environment. The floating-rate preferred shares (Series A, B, and C) offer particularly elevated returns ranging from 9.55% to 10.39%, reflecting their tie to the SOFR benchmark plus individual spreads. These rates primarily mirror the broader interest rate landscape rather than company-specific factors.

For income-focused investors, the company's preferred shares offer compelling yield opportunities, while the common dividend provides a relatively high yield compared to broader market averages. This announcement represents continuity rather than change, offering predictability for existing shareholders.

Dividend sustainability ultimately depends on the company's ongoing earnings and cash flow generation capabilities, which aren't addressed in this announcement. However, the maintenance of the common dividend rate suggests management isn't anticipating near-term deterioration in financial performance that would necessitate a dividend reduction.

From a capital allocation perspective, Rithm's decision to maintain rather than increase its common dividend could indicate prioritization of balance sheet flexibility in the current economic environment, a prudent approach for a mortgage REIT operating amid uncertain interest rate trajectories.

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 first quarter 2025 common and preferred stock dividends.

Common Stock Dividend

The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025.

Preferred Stock Dividends

In accordance with the terms of Rithm Capital’s Series A Cumulative Redeemable Preferred Stock (“Series A”), the Board declared a Series A dividend for the first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series A Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.802%.

In accordance with the terms of Rithm Capital’s Series B Cumulative Redeemable Preferred Stock (“Series B”), the Board declared a Series B dividend for the first quarter 2025 of $0.6319365 per share, which reflects a rate of 10.225%. The Series B Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.640%.

In accordance with the terms of Rithm Capital’s Series C Cumulative Redeemable Preferred Stock (“Series C”), the Board declared a Series C dividend for the first quarter 2025 of $0.5904649 per share, which reflects a rate of 9.554%. The Series C Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 4.969%.

In accordance with the terms of Rithm Capital’s 7.000% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series D”), the Board declared a Series D dividend for the first quarter 2025 of $0.4375000 per share.

Dividends for the Series A, Series B, Series C and Series D are payable on May 15, 2025, to preferred shareholders of record on May 1, 2025.

ABOUT RITHM CAPITAL

Rithm Capital 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 Capital seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately $5.8 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250321787385/en/

Rithm Capital

Investor Relations

(212) 850-7770

ir@rithmcap.com

Source: Rithm Capital Corp

FAQ

What is the Q1 2025 dividend amount for Rithm Capital (RITM) common stock?

Rithm Capital's common stock dividend for Q1 2025 is $0.25 per share.

When is the payment date for RITM's Q1 2025 common stock dividend?

The Q1 2025 common stock dividend will be paid on April 30, 2025, to shareholders of record on March 31, 2025.

What are the dividend rates for RITM's preferred stock series in Q1 2025?

Series A: 10.387%, Series B: 10.225%, Series C: 9.554%, and Series D: 7.000%.

When will RITM's preferred stock dividends be paid for Q1 2025?

All preferred stock dividends will be paid on May 15, 2025, to shareholders of record on May 1, 2025.