Rithm Capital Corp: Mixed Performance for Preferred and Common Stocks
On Thursday, shares of Rithm Capital Corp’s 6.375% Series C Fixed/Float Cumulative Redeemable Preferred Stock (Symbol: RITM.PRC) offered a yield exceeding 6.5%. The stock was trading at a low of $24.00, leading to an annualized dividend of $1.5938. In contrast, preferred stocks in the “Real Estate” category averaged a yield of 7.86%. RITM.PRC also closed at a 0.80% discount to its liquidation preference, which is significantly better than the category’s average discount of 12.67%.
The chart below illustrates RITM.PRC’s performance over the past year, compared to Rithm’s common shares (Symbol: RITM):
This next chart provides a historical look at dividend payments for RITM.PRC:
Free Report: Discover Top 8%+ Dividends (Paid Monthly)
On Thursday, Rithm Capital Corp’s preferred shares (RITM.PRC) gained around 0.2%, mirroring the common shares (RITM), which also rose by approximately 0.2%.
Additional Information:
- Institutional Holders of PRQR
- Institutional Holders of VEON
- Funds Holding AVK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
