In the pursuit of seeking out assets with double-digit yields in a market where interest rates are trading at low single digits, stock selection is at a major premium — and it takes a savvy management team to drive this kind of yield to richly reward income investors.
NorthStar Realty Finance (NRF) is a real estate investment trust (REIT) that I just recommended for my Cash Machine subscribers. The company recently spun off its asset-management business at the end of June and raised its dividend for the first quarter, with the post-spin-off shares currently trading around $18.80. The company intends to pay a $0.40 dividend starting with the current quarter, implying a forward yield of 8.5%.
Source: InvestorPlace
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