Rithm Capital Corp. has declared second quarter 2023 dividends for common and preferred stock.
Positive
Rithm Capital declared a quarterly dividend of $0.25 per share of common stock for the second quarter 2023.
The Board declared dividends for Rithm Capital's Series A, Series B, Series C, and Series D preferred stocks.
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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 second quarter 2023 common and preferred stock dividends.
Common Stock Dividend
The Board declared a quarterly dividend of $0.25 per share of common stock for the second quarter 2023. The second quarter common stock dividend is payable on July 28, 2023 to shareholders of record on July 03, 2023.
Preferred Stock Dividends
In accordance with the terms of Rithm Capital’s 7.50% Series A Cumulative Redeemable Preferred Stock (“Series A”), the Board declared a Series A dividend for the second quarter 2023 of $0.4687500 per share.
In accordance with the terms of Rithm Capital’s 7.125% Series B Cumulative Redeemable Preferred Stock (“Series B”), the Board declared a Series B dividend for the second quarter 2023 of $0.4453125 per share.
In accordance with the terms of Rithm Capital’s 6.375% Series C Cumulative Redeemable Preferred Stock (“Series C”), the Board declared a Series C dividend for the second quarter 2023 of $0.3984375 per share.
In accordance with the terms of Rithm Capital’s 7.00% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series D”), the Board declared a Series D dividend for the second quarter 2023 of $0.4375000 per share.
Dividends for the Series A, Series B, Series C and Series D are payable on July 17, 2023 to preferred shareholders of record on August 15, 2023.
ABOUT RITHM CAPITAL
Rithm Capital is an asset manager focused on the real estate and financial services industries. Rithm Capital’s investments in operating entities include leading origination and servicing platforms held through its wholly-owned subsidiaries, Newrez LLC, Caliber Home Loans Inc. and Genesis Capital LLC, as well as investments in affiliated businesses that provide residential and commercial real estate related services. The Company seeks to provide attractive risk-adjusted returns across interest rate environments. Since inception in 2013, Rithm Capital has delivered approximately $4.6 billion in dividends to shareholders. Rithm Capital 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.
What is the dividend for Rithm Capital's common stock?
The quarterly dividend for Rithm Capital's common stock is $0.25 per share for the second quarter 2023.
What are the dividend amounts for Rithm Capital's preferred stocks?
The dividend amounts for Rithm Capital's preferred stocks are as follows: Series A - $0.4687500 per share, Series B - $0.4453125 per share, Series C - $0.3984375 per share, Series D - $0.4375000 per share.
When will the dividends be paid?
The dividends for the common stock will be payable on July 28, 2023, while the dividends for the preferred stocks will be payable on July 17, 2023.
Who are the preferred shareholders eligible for dividends?
Preferred shareholders of record on August 15, 2023, are eligible for the dividends.
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