This 11.8% Yielding Mortgage REIT Might Hike Its Dividend The 3rd Time This Year

This company has had a super-strong Q2-17. Its significantly improved dividend coverage stats imply a dividend hike for the third quarter. Shares cost income investors 1.18x BV. An investment in it yields 11.76 percent. Investment opportunities like this don’t exist for very long…especially if the company in question reports super-strong quarterly earnings that could be a catalyst for a higher dividend.

New Residential Investment Corp. (NRZ) reported top-notch second quarter results yesterday. On the back of the earnings release, New Residential Investment’s shares jumped 6% percent. I continue to think that New Residential Investment is one of the most promising high-yield income vehicles on The Street. Excellent dividend coverage tilts the odds in favor of a third dividend hike this year.

Source: Seeking Alpha

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