This Ultra-High-Yield Dividend Stock Is Taking Steps to Boost Its Value
Rithm Capital (NYSE: RITM) currently offers investors a monster dividend. The real estate investment trust (REIT) pays them $1 per share in dividends each year. That gives it a yield approaching 10% at the recent share price.
Its low share price is a big factor driving the REIT's ultra-high yield. The stock has lost nearly 40% of its value over the past five years, and that's something Rithm Capital wants to change. Here's a look at the steps it's taking to increase its value.
Rithm Capital has been evolving over the past few years. The mortgage REIT rebranded in 2022, changing its name from New Residential to Rithm.
Source Fool.com
