9.5% Dividend Yield Finally Gets Cheap From Rithm Capital Preferred Share
Rithm Capital (RITM) preferred RITM-C now enters my buy range after a price decline, offering a stripped yield near 9.5%. RITM-C trades below call value at $24.43, with a risk rating of 2.5 and attractive floating yield metrics. Yield is variable; if short-term rates fall, RITM-C's dividend will decline, but current floating reset would push yield to 9.88%.