5 Dividend Stocks With Over 8% Yield

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In this article, we will take a look at 5 dividend stocks with over 8% yield. If you want to see our detailed analysis of dividend investing and the returns on dividend stocks, you can go directly to 10 Dividend Stocks With Over 8% Yield

5. PennyMac Mortgage Investment Trust (NYSE:PMT)

Number of Hedge Fund Holders: 10

Dividend Yield as of December 3: 10.43%

PennyMac Mortgage Investment Trust (NYSE:PMT) operates as a specialty finance company that primarily invests in mortgage-related assets in the United States. The company operates through the following segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production. The stock has a forward PE ratio of 9.85, and a forward yield of 10.43% as of December 3rd. PennyMac Mortgage Investment Trust (NYSE:PMT) was founded in 2009 and is headquartered in California.

This September, B. Riley analyst Matt Howlett initiated coverage of PennyMac Mortgage Investment Trust (NYSE:PMT) and gave it a Buy rating along with a $23 price target.

Insider Monkey found PennyMac Mortgage Investment Trust (NYSE:PMT) to be a part of 10 hedge fund portfolios by the end of the third quarter of 2021. The total stakes of these funds in PennyMac Mortgage Investment Trust (NYSE:PMT) were roughly $7.38 million. Ken Griffin’s Citadel Investment Group is the lead stakeholder in the company as of September 30th, and has stakes of up to $2.38 million.

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