5 Best Dividend Stocks to Buy Now According to Billionaire Cliff Asness

4. PennyMac Mortgage Investment Trust (NYSE: PMT

Asness’ Stake Value: $819,000
Percentage of Cliff Asness’ 13F Portfolio: 0.001%
Dividend Yield: 9.71%
No. of Hedge Fund Holders: 15

PennyMac Mortgage Investment Trust (NYSE: PMT) is a finance company that specifically invests in mortgage assets in the U.S. The company released its Q1 2021 financials on May 6, revealing that it generated $65.4 million in net income attributable to common stock shareholders. The net revenue figure for the recent quarter was significantly lower than the $76.6 million net revenue that the company achieved in the previous quarter.

PennyMac Mortgage Investment Trust recently announced the pricing and upsizing of a private offer of its Exchangeable Senior Notes due 2026, whose principal amount is $300 million. The company plans to use the net proceeds from the private notes offering for general corporate purposes such as funding its investment and production activities, as well as those of its subsidiaries.

PennyMac Mortgage Investment Trust (NYSE: PMT) recently announced a quarterly dividend of $0.47 per share, which aligns with the previous dividend.