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0 0.000374146478346231 0.000664109999064581 0.000841829576279145 -0.000935366195865661 0.00411561126180904 0.00318024506594322 -0.00196426901131801
Stock impact report

Rithm Capital: Common Stock Very Interesting, Preferred Stocks Are A Strong Buy [Seeking Alpha]

Rithm Capital Corp. (RITM) 
Company Research Source: Seeking Alpha
RITM has been focusing on becoming a large asset manager and moving away from simply being an mREIT. This means a likely conversion to a C corporation structure. A change to a C corporate structure means that dividends on its preferred stocks would become “qualified,” giving RITM preferred stocks huge after-tax yields. Two of my favorite RITM preferreds are RITM-B, with its current 9.50% yield and 20% tax break on its dividends, and RITM-D for a short-term, high-yielding security. RITM-E and RITM-F are also quite attractive. They have very long call protection and would likely benefit the most from a conversion to becoming high-yielding qualified dividend payers. Looking for a portfolio of ideas like this one? Members of Conservative Income Portfolio get exclusive access to our subscriber-only portfolios. Learn More » Caroline Brundle Bugge/iStock via Getty Images Rithm Capital Rithm Capital ( RITM ) is a mortgage REIT (mREIT). In the past it had primarily been invested Show less Read more
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