This company reported great 4th-quarter results this week. The mortgage investment company pulled in a super strong core earnings and finally raised its quarterly cash dividend. Excellent dividend coverage, low run-rate core earnings valuation, and profitable mortgage investment strategies make it still a buy. An investment in the stock yields 11.52 percent.
New Residential Investment Corp. (NYSE:NRZ) is a buy. The mortgage investment company reported another super strong quarter in terms of core earnings, extending its excellent record of covering its dividend. What's more, the odds are tilted in favor of more dividend hikes in 2017, which New Residential Investment can easily afford. Last but not least, New Residential Investment's shares are everything but expensive, and are throwing off a robust ~11 percent dividend yield. A year ago I branded New Residential Investment Corp. the best high-yield income vehicle on the Street.
Source: Seeking Alpha
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