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

Rithm Capital Corp. (NYSE:RITM) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Thursday, October 1st.

Rithm Capital has raised its dividend by an average of 0.1%annually over the last three years. Rithm Capital has a payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rithm Capital to earn $2.29 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 43.7%.

Rithm Capital Trading Up 0.1%

NYSE:RITM opened at $9.49 on Friday. The company’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $9.60. The firm has a market capitalization of $5.30 billion, a P/E ratio of 15.81, a PEG ratio of 0.60 and a beta of 1.12. Rithm Capital has a one year low of $8.43 and a one year high of $12.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.76 and a quick ratio of 0.76.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. As a group, analysts forecast that Rithm Capital will post 2.26 EPS for the current fiscal year.

Rithm Capital Company Profile

Rithm Capital Corporation (NYSE:RITM) is a real estate investment trust that focuses on investments and operating businesses tied to the residential mortgage and real estate markets. The company seeks to generate income from mortgage servicing rights, residential mortgage loans, mortgage-backed securities and other related assets.

Rithm also owns and operates businesses involved in mortgage origination, servicing and related financial services. Its platform includes Newrez, a mortgage company that provides loan origination, servicing and associated services to homeowners and borrowers in the United States.