Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. Its share price increased about 10.75% from $9.20 to $10.19 as of Wednesday’s market close

Last week, Rithm Capital announced the acquisition of Sculptor Capital Management for $639 million, or $11.15 per share.

The company slashed its dividend by 90% in 2020 from $0.50 per share to $0.05. Even after several dividend increases, the current dividend is half of what it was two years ago.