7 Mortgage REITs Now Offer Dividends of 9% or More

Annaly Capital Management Inc. (NYSE: NLY) invests in agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts and other commercial real estate investments. The company’s market cap is $9.42 billion, and its net income for the past 12 months was $2.66 billion. The company’s dividend yield for the past year was 14.57%, and it is forecast to be 13.23% over the next 12 months.

Two Harbors Investment Corp. (NYSE: TWO) primarily invests in residential mortgage-backed securities, non-agency securities, mortgage servicing rights and other financial assets in the United States. The company’s market cap is $1.78 billion, and its net income for the past 12 months was $232.34 million. The company’s dividend yield for the past year was 14.68%, and it is forecast to be 12.98% over the next 12 months.

MFA Financial Inc. (NYSE: MFA) invests in residential mortgage assets, including agency and non-agency mortgage-backed securities and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated and non-performing loans; and mortgage servicing rights related assets. The company’s market cap is $1.41 billion, and its net income for the past 12 months was $160.44 million. The company’s dividend yield for the past year was 14.39% and is forecast to be 12.92% over the next 12 months.

AGNC Investment Corp. (NASDAQ: AGNC) invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the U.S. government-sponsored enterprise (Sallie or Freddie) or by the U.S. government agency. The company’s market cap is $6.34 billion, and its net loss for the last 12 months was $877 million. The company’s dividend yield for the past year was 13.47%, and it is forecast to be 11.67% over the next 12 months.

Broadmark Realty Capital Inc. (NYSE: BRMK) underwrites, funds, services and manages a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company’s market cap is $1.01 billion, and its net income for the past 12 months was $80.18 million. The company’s dividend yield for the past year was 11.09% and is forecast to be 11.36% over the next 12 months.

New Residential Investment Corp. (NYSE: NRZ) invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans and other opportunistic investments. The company’s market cap is $5.23 billion, and its net income for the past 12 months was $1.16 billion. The company’s dividend yield for the past year was 9.18%, and it is forecast to be 9.23% over the next 12 months.

Originally posted at 24/7 Wall St.

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