Rithm Capital Corp. (NYSE:RITM) Plans Quarterly Dividend of $0.25

Rithm Capital Corp. (NYSE:RITM) announced a quarterly dividend on Monday, June 22nd. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Thursday, July 2nd.

Rithm Capital has increased its dividend payment by an average of 0.1%per year over the last three years. Rithm Capital has a payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rithm Capital to earn $2.32 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 43.1%.

Rithm Capital Stock Down 0.6%

RITM stock opened at $9.13 on Tuesday. Rithm Capital has a 52 week low of $8.43 and a 52 week high of $12.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.02. The firm has a 50-day simple moving average of $9.52 and a 200-day simple moving average of $10.21. The stock has a market capitalization of $5.10 billion, a P/E ratio of 8.38 and a beta of 1.14.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Equities analysts forecast that Rithm Capital will post 2.27 earnings per share for the current fiscal year.

About Rithm Capital

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.