Rithm Capital Corp. Declares Second Quarter 2024 Common and Preferred Dividends

Rhea-AI Summary

Rithm Capital Corp. (NYSE:RITM) announced its Board of Directors has declared dividends for the second quarter of 2024. The common stock dividend is set at $0.25 per share, payable on July 26, 2024, to shareholders of record on July 1, 2024.

Additionally, the company declared dividends for its various series of preferred stocks: $0.4687500 per share for Series A, $0.4453125 per share for Series B, $0.3984375 per share for Series C, and $0.4375000 per share for Series D. These preferred stock dividends are payable on August 15, 2024, to shareholders of record on July 15, 2024.

This announcement highlights Rithm Capital's continued commitment to returning value to its shareholders.

Positive

• Common stock dividend of $0.25 per share for Q2 2024.
• Preferred stock dividends declared across Series A, B, C, and D.
• Preferred dividends payable on August 15, 2024, showing consistent returns.

Negative

• None.

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 2024 common and preferred stock dividends.

Common Stock Dividend

The Board declared a dividend of $0.25 per share of common stock for the second quarter 2024. The second quarter common stock dividend is payable on July 26, 2024, to shareholders of record on July 1, 2024.

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 2024 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 2024 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 2024 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 2024 of $0.4375000 per share.

Dividends for the Series A, Series B, Series C and Series D are payable on August 15, 2024, to preferred shareholders of record on July 15, 2024.

ABOUT RITHM CAPITAL

Rithm Capital is a global asset manager focused on real estate, credit and financial services. Rithm Capital makes direct investments and operates several wholly-owned operating businesses. Rithm Capital’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 Capital has delivered approximately $5.3 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.

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Rithm Capital

Investor Relations

(212) 850-7770

ir@rithmcap.com



Media

Sarah Salky / Erik Carlson

Joele Frank, Wilkinson Brimmer Katcher

(212) 355-4449

ritm-jf@joelefrank.com

Source: Rithm Capital Corp.

FAQ

What is the Rithm Capital Corp. (RITM) Q2 2024 common stock dividend?

Rithm Capital Corp. has declared a common stock dividend of $0.25 per share for the second quarter of 2024.

When is the Rithm Capital Corp. (RITM) Q2 2024 common stock dividend payable?

The Q2 2024 common stock dividend of Rithm Capital Corp. is payable on July 26, 2024.

What are the record dates for Rithm Capital Corp.'s Q2 2024 dividends?

The record date for common stock is July 1, 2024, and for preferred stocks (Series A, B, C, D), it is July 15, 2024.

How much is the Q2 2024 dividend for Rithm Capital Corp.'s Series A preferred stock?

The Q2 2024 dividend for Series A preferred stock is $0.4687500 per share.

When are Rithm Capital Corp.'s Q2 2024 preferred stock dividends payable?

The Q2 2024 dividends for Series A, B, C, and D preferred stocks are payable on August 15, 2024.