Rithm Capital: The Upcoming Rate Resets Of A 10% Yielder

Bashar Issa 7.79K Followers Follow Summary Rithm’s 10% dividend yield and 0.76x book valuation offer an attractive income opportunity. Sticky mortgage servicing earnings and growing asset management fees underpin the bullish thesis. Cumulative preferreds yield up to 9.8%, though hedging losses and narrowing coverage warrant monitoring. Andrii Yalanskyi/iStock via Getty Images Investment Thesis Rithm Capital ( RITM ) might be one of the most attractive dividend opportunities I have seen in a while. As many of you know, I'm usually skeptical about high-yield companies, many of which operate a This article was written by Bashar Issa 7.79K Followers Follow Bashar is a financial analyst writing on Seeking Alpha, focused on growth stocks, contrarian setups, and market mispricing. His research looks for companies where consensus is missing a shift in earnings power, competitive positioning, or industry structure. Bashar does not invest personally in the stocks he covers. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.