Last year I started selecting a couple of high-yielding income stocks for my new $100,000 high-yield income portfolio. This company rebounded strongly in 2016 and is up ~50 percent from February lows. Despite the rebound, the company continues to sell for a large discount to accounting book value. An investment in it yields 11.51 percent.
PennyMac Mortgage Investment Trust got slammed pretty hard in 2015 and at the beginning of this year because investors reacted to PennyMac's dividend cut. Further, investors ditching high-yielding stocks for safer investments didn't help PennyMac's shares much either. However, PennyMac Mortgage Investment Trust has bounced back nicely on the back of improving investor sentiment ever since the trust's shares crashed to new lows in February: PennyMac's shares have advanced ~7 percent this year, but surged ~50 percent from a low of $10.91 on February 4, 2016. Despite the recovery in PennyMac Mortgage Investment's valuation, the trust is not overpriced yet, and comes with a handsome ~12 percent dividend yield, too.
Source: Seeking Alpha
Related Articles:
- 5 Tech Stocks With A History of Growing Their Dividends
- 8 Dividend Stocks For The Ultimate In Deferred Gratification
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
This 12% Yielder Can Fly Higher
Posted by D4L | Friday, August 05, 2016 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Readers may want to do a stock valuation on the stocks in their favorite sectors and wait patiently until they become cheap. Patience is a v...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
-
We picked up two investments that carry excellent yields combined with some healthy upside in the share price. We also dropped one of our po...
-
If you're wishing you had a little more exposure to income investments right now and a little less exposure to growth, you're not al...
-
Do you have the stomach for contrarian investing - betting against the crowd? Sometimes that's necessary in order to find value. Why buy...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.