Rithm Capital's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Rithm Capital (NYSE:RITM) announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Friday. Shareholders owning RITM stock before the ex-dividend date are eligible for the dividend payout, which will be distributed on July 28, 2023.
June 27, 2023 | 2:45 pm
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Rithm Capital's ex-dividend date is Friday, and shareholders owning the stock before this date are eligible for a 25 cents per share dividend payout.
Rithm Capital's stock will likely trade lower on the ex-dividend date to reflect the dividend payout. This is a normal occurrence for stocks on their ex-dividend date and does not necessarily indicate a negative impact on the stock price in the short term. The dividend payout is a positive event for shareholders, but it is already known and priced into the stock.
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