Is This 10.5% Yield Too Good to Be True?

In today’s market, many ultra-high yielders are simply the by-products of their terrible share price performance. And in most of those cases, you’d be better off standing on the sidelines, because at the end of the day, who wants to own a stock that’s falling off a cliff?

The good news is, not all high-yield stocks belong to that category. Chimera Investment Corporation (NYSE:CIM), for instance, offers a generous dividend yield of 10.5%, and its share price didn’t really drop to the floor. In fact, over the last 12 months, shares of Chimera Investment Corporation have climbed 7.7%, and in the last five years, CIM stock shot up 46.6%.

Source: Income Investors

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