Rithm Capital: 9% Yield, 53% Pay-Out Ratio, Growing BV
RITMRithm Capital (RITM) Seeking Alpha·2024-08-06 12:31
filoRithm Capital Corporation (NYSE:RITM) continued to earn its $0.25 per share per quarter dividend easily with distributable earnings in the second quarter. Rithm Capital also grew its book value and disclosed solid financial results, driven by gains in the Mortgage Servicing Rights portfolio. I anticipate Rithm Capital to do more acquisitions moving forward, particularly in the asset management business, in order to diversify its mortgage-heavy investment portfolio and create new income streams. From ...