Rithm Capital Corp. Declares First Quarter 2025 Common and Preferred Dividends
NEW YORK--(BUSINESS WIRE)--March 21, 2025--
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company") announced today that its Board of Directors (the "Board") has declared first quarter 2025 common and preferred stock dividends.
Common Stock Dividend
The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025.
Preferred Stock Dividends
In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series A Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.802%.
In accordance with the terms of Rithm Capital's Series B Cumulative Redeemable Preferred Stock ("Series B"), the Board declared a Series B dividend for the first quarter 2025 of $0.6319365 per share, which reflects a rate of 10.225%. The Series B Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 5.640%.
In accordance with the terms of Rithm Capital's Series C Cumulative Redeemable Preferred Stock ("Series C"), the Board declared a Series C dividend for the first quarter 2025 of $0.5904649 per share, which reflects a rate of 9.554%. The Series C Preferred Stock accrue dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.261%) plus a spread of 4.969%.
In accordance with the terms of Rithm Capital's 7.000% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series D"), the Board declared a Series D dividend for the first quarter 2025 of $0.4375000 per share.
Dividends for the Series A, Series B, Series C and Series D are payable on May 15, 2025, to preferred shareholders of record on May 1, 2025.
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, Inc., 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 $5.8 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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CONTACT: Rithm Capital
Investor Relations
(212) 850-7770
ir@rithmcap.com
(END) Dow Jones Newswires
March 21, 2025 16:32 ET (20:32 GMT)
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