In trading on Tuesday, shares of Rithm Capital Corp’s Reset Rate Series D Cumulative Preferred Stock (Symbol: RITM.PRD) yielded above 7% based on its quarterly dividend of $1.75, with shares trading as low as $25.00. This yield is compared to an average of 8.07% in the “Real Estate” preferred stock category. Notably, RITM.PRD was trading at a 0.28% premium to its liquidation preference amount, while the category average was at a 14.26% discount.
On the same day, RITM.PRD saw a decline of approximately 0.2%, while Rithm Capital’s common shares (Symbol: RITM) increased by about 1.5%.
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