In trading on Monday, shares of Rithm Capital Corp’s Reset Rate Series D Cumulative Preferred Stock (Symbol: RITM.PRD) yielded over 7%, with trading prices dipping as low as $25.00. The stock’s quarterly dividend is annualized at $1.75, while the average yield in the Real Estate preferred stock category is 8.00%. At the last close, RITM.PRD was trading at a 0.16% premium to its liquidation preference, which contrasts with an average discount of 13.30% for the Real Estate category.
On the same day, RITM.PRD remained flat, while Rithm Capital’s common shares (Symbol: RITM) increased about 0.8%.
