5 High Dividend Stocks With Over 8% Yield

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In this article we will be taking a look at the 5 high dividend stocks with over 8% Yield. If you wish to see our detailed analysis of dividend investing, go directly to the 10 High Dividend Stocks With Over 8% Yield

5. PennyMac Mortgage Investment Trust (NYSE:PMT)

Number of Hedge Fund Holders: 11

Dividend Yield as of October 20: 9.30%

PennyMac Mortgage Investment Trust (NYSE:PMT) is a finance company that invests in residential mortgage loans and mortgage-related assets. The company ranks fifth on the list of the 10 high dividend stocks with over 8% yield.

On September 9, B. Riley analyst Matt Howlett initiated coverage of PennyMac Mortgage Investment Trust (NYSE:PMT) with a Buy rating and $23 price target on its shares, noting that the company has one of the best risk/reward profiles in the mortgage real estate investment trust space.

By the end of the second quarter of 2021, 11 hedge funds out of the 873 tracked by Insider Monkey held stakes in PennyMac Mortgage Investment Trust (NYSE: PMT) worth roughly $10.4 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $16 million. Ken Griffin of Citadel Investment Group is among the leading shareholders of the company.

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