Dividends4Life: This Leading REIT Stock Has A Yield In The Double Digits

The company pays a quarterly dividend of 50 cents a share. On an annualized basis, that's an outstanding yield of 10.6%. For income investors, that offsets the mediocre share-price performance. But it is improving on that front. Since late June, the stock has been steadier amid a recovery phase. It is forming a flat base with a 19.35 ideal buy point.

With a Relative Price Strength Rating of 55, Chimera Investment's (CIM) stock is no world-beater. But if there were a rating for its dividend, it would be impressive. Chimera raised the dividend two years ago, when it went from 48 cents to 50 cents a share. Excluding a special dividend in 2016, the only other increase was in March 2015, when it was raised from 45 cents. The company is a mortgage-focused real estate investment trust, a structure in which it doesn't pay income taxes and instead sends most profits directly to shareholders. That makes REITs attractive dividend plays.

Source: Investors.com

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