Rithm Capital Corp. Declares Fourth Quarter 2023 Common and Preferred Dividends

Rhea-AI Summary

Rithm Capital Corp. (NYSE:RITM) announced the declaration of fourth quarter 2023 common and preferred stock dividends. The common stock dividend of $0.25 per share is payable on January 26, 2024, while the preferred stock dividends for Series A, Series B, Series C, and Series D are payable on February 15, 2024.

NEW YORK--(BUSINESS WIRE)-- Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared fourth quarter 2023 common and preferred stock dividends.

Common Stock Dividend

The Board declared a dividend of $0.25 per share of common stock for the fourth quarter 2023. The fourth quarter common stock dividend is payable on January 26, 2024 to shareholders of record on December 29, 2023.

Preferred Stock Dividends

In accordance with the terms of Rithm Capital’s 7.50% Series A Cumulative Redeemable Preferred Stock (“Series A”), the Board declared a Series A dividend for the fourth quarter 2023 of $0.4687500 per share.

In accordance with the terms of Rithm Capital’s 7.125% Series B Cumulative Redeemable Preferred Stock (“Series B”), the Board declared a Series B dividend for the fourth quarter 2023 of $0.4453125 per share.

In accordance with the terms of Rithm Capital’s 6.375% Series C Cumulative Redeemable Preferred Stock (“Series C”), the Board declared a Series C dividend for the fourth quarter 2023 of $0.3984375 per share.

In accordance with the terms of Rithm Capital’s 7.00% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series D”), the Board declared a Series D dividend for the fourth quarter 2023 of $0.4375000 per share.

Dividends for the Series A, Series B, Series C and Series D are payable on February 15, 2024 to preferred shareholders of record on January 16, 2024.

ABOUT RITHM CAPITAL

Rithm Capital is a global asset manager focused on real estate, credit, and financial services. Rithm makes direct investments and operates several wholly-owned operating businesses. Rithm’s businesses include Sculptor Capital Management, an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, leading mortgage origination and servicing platforms. Rithm Capital seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately $4.9 billion in dividends to shareholders. Rithm is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes and is headquartered in New York City.

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Investor Relations

212-850-7770

IR@RithmCap.com

Source: Rithm Capital Corp.

FAQ

What dividends did Rithm Capital Corp. (NYSE:RITM) declare for the fourth quarter of 2023?

Rithm Capital Corp. declared a dividend of $0.25 per share of common stock and dividends for its Series A, Series B, Series C, and Series D preferred stocks.

When are the common stock dividends payable to shareholders of Rithm Capital Corp. (NYSE:RITM)?

The common stock dividend of $0.25 per share is payable on January 26, 2024.

When are the preferred stock dividends payable to shareholders of Rithm Capital Corp. (NYSE:RITM)?

The dividends for Series A, Series B, Series C, and Series D preferred stocks are payable on February 15, 2024.