How To Earn $500 A Month With This $10 Stock
Portfolio Pulse from AJ Fabino
The Vanguard Group has profited from its stake in Rithm Capital Corp (NYSE:RITM), netting $11.56 million from the company's 25-cent dividend payment in Q2. RITM's 10.11% dividend yield presents an opportunity for retail investors to generate monthly income. To earn $500 per month from RITM's dividends, an investment of approximately $59,405 would be required.
August 28, 2023 | 7:23 pm
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Rithm Capital Corp's high dividend yield of 10.11% presents an opportunity for retail investors to generate passive income. The company's dividends have also proven profitable for The Vanguard Group.
The news highlights RITM's high dividend yield, which is attractive to investors seeking passive income. This could increase demand for the stock, potentially driving up its price in the short term.
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