If diversity is what you're seeking, here are two off-beat but high-yield stocks. PacWest Bancorp (PACW) and Starwood Property Trust (STWD), aren't your usual fare, but they sure do pack a dividend punch. PacWest Bancorp is a bank holding company with $21 billion in assets with one wholly owned banking subsidiary, Pacific Western Bank. This regional-Pacific lender offers a mind-boggling 4.86% yield or $2 per share payout annually. With a dividend track record of five years, the stock currently pays two-thirds of its earnings as dividends.
Another mouth-watering yield-creator, Starwood Property Trust offers a 9.37% yield. At current market capitalization of about $5 billion, Starwood Property Trust is a portfolio of more than $9.5 billion across the company's Lending, Investing & Servicing and Property business segments. The company carries its unique ability to leverage the platform of Starwood Capital Group, a leading global private investment firm with 24 years of experience and wide-ranging operating expertise across virtually every real estate asset class.
Source: The Street
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- How To Manage Your Dividend Portfolio In A Downturn
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