Seeking Alpha
20 Oct 2026, 17:50 UTC · 1h ago
9.5% Dividend Yield Finally Gets Cheap From Rithm Capital Preferred Share
Impact · against what's priced in
The price decline of Rithm Capital's RITM-C preferred shares has pushed the stripped yield to 9.5% and the price below the $25 call value. This makes the security an attractive value play relative to its risk rating, though future distributions remain sensitive to fluctuations in the CME SOFR.
- RITM+0.20
No priced-in read yet
- In context
RITM-C preferred shares have declined to $24.43, offering a 9.5% stripped yield and trading below the $25 call value, which reduces immediate capital loss risk.
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