247WallSt.com put together a list of REITs that are paying out huge dividends. Making the cut are Annaly Capital Management (NYSE:NLY), Anworth Mortgage Asset Corp. (NYSE:ANH), and Chimera Investment Corp. (NYSE:CIM) with a massive dividend yield of 15.8%. CIM shares trade for under $5 and are currently at $4.26.
Chimera Investment Corporation (NYSE: CIM) is closely tied to Annaly and originally had much of the same ownership. The two still share the same corporate address. Where Chimera is different is that it was originally meant to be more of a vulture fund that was reaching for yield and returns and employing some of the same criteria and discipline as Annaly.
Source: The Stock Masters
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