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On 7/15/24, Rithm Capital Corp's Reset Rate Series D Cumulative Preferred Stock (Symbol: RITM.PRD) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 8/15/24. As a percentage of RITM.PRD's recent share price of $23.40, this dividend works out to approximately 1.87%, so look for shares of RITM.PRD to trade 1.87% lower — all else being equal — when RITM.PRD shares open for trading on 7/15/24. On an annualized basis, the current yield is approximately 7.50%, which compares to an average yield of 7.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of RITM.PRD shares, versus RITM:

Below is a dividend history chart for RITM.PRD, showing historical dividends prior to the most recent $0.4375 on Rithm Capital Corp's Reset Rate Series D Cumulative Preferred Stock:

Free Report: Top 8%+ Dividends (paid monthly)

In Thursday trading, Rithm Capital Corp's Reset Rate Series D Cumulative Preferred Stock (Symbol: RITM.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: RITM) are up about 1.8%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.