In an era when the average S&P 500 company pays less than two percent, a yield of over 10% simply seems too good to be true. But investors shouldn’t just ignore double-digit yielders completely. For those who are willing to take a bit more risk, some ultra-high-yielding stocks could provide oversized cash returns.
With that in mind, let’s check out New York Mortgage Trust, Inc. (NASDAQ:NYMT). As its name suggests, New York Mortgage Trust is a mortgage real estate investment trust (REIT) headquartered in New York City. The company invests in residential mortgage loans, multi-family commercial mortgage-backed securities, and preferred equity and joint venture equity in multi-family properties. At the same time, NYMT’s strategy allows it to make mezzanine loans to owners of multi-family properties.
Source: Income investors
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