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Why Is Rithm Capital's Dividend So High?

TheMotleyFool

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Why Is Rithm Capital's Dividend So High?: https://g.foolcdn.com/editorial/images/711896/federal-reserve-building.jpg

This year has been extraordinarily difficult for companies in the mortgage business. Mortgage originators saw a collapse in volume as rising rates made refinancing unattractive for homeowners. Mortgage real estate investment trusts (REITs) were beset by a combination of rising rates and mortgage-backed security underperformance. As a result, many of these companies now have quite high dividend yields.

Rithm Capital (NYSE: RITM) is a combination mortgage originator and mortgage REIT and its dividend yield now hovers around 11%. Is that dividend sustainable?

Image source: Getty Images.

Source Fool.com

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