A Financial Company Offering a High Dividend Yield of 4.48%

With interest rates sitting at near-historic levels, there are not many options when it comes to steady, high income and protected investment capital. Interest rates are still a long ways away from seeing a level that would mean a reasonable return on investment from the likes of certificates of deposit and savings accounts. You can, however, still turn to stocks with a high dividend. Besides the steady income and capital protection mentioned above, investors also receive a part of its profits, the amount based on how long the stock is held.

Today’s stock up for analysis is Fortress Investment Group LLC (NYSE:FIG) stock. Its dividend yield, at 4.48%, is more than double the 2.2% offered by the S&P 500 Index. Paid out quarterly, FIG stock has increased the dividend by 50% since 2013. The regular dividend isn’t the only thing shareholders have enjoyed. As of this writing, Fortress has paid out an additional special dividend for three straight years. All these special dividends were higher than the regular quarterly dividends. For instance, the most recent special dividend in May of 2016 was $0.11 per share, while the normal dividend was $0.09.

Source: Income Investors

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