Rithm Capital's Series A Preferred Stock Crosses Above 7.5% Yield Territory

In trading on Monday, shares of Rithm Capital Corp's 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITM. RA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.91 on the day.