5 High Yield Dividend Stocks to Buy in September

Page 1 of 5

In this article, we will be taking a look at 5 high yield dividend stocks to buy in September. To read our detailed analysis of dividend investing, you can go directly to see the 10 High Yield Dividend Stocks to Buy in September.

5. PennyMac Mortgage Investment Trust (NYSE: PMT)

Number of Hedge Fund Holders: 11
Dividend Yield: 9.67%

PennyMac Mortgage Investment Trust (NYSE: PMT), a specialty finance company, operates as a mortgage REIT through its Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. The company ranks 5th on our list of high yield dividend stocks to buy in September.

Barclays holds an Equal Weight rating on shares of PennyMac Mortgage Investment Trust (NYSE: PMT), alongside a raised price target of $19, as of this June.

In the second quarter of 2021, PennyMac Mortgage Investment Trust (NYSE: PMT) had an FFO of $0.32, missing estimates by $0.27. The company’s revenue was $121.57 million, also missing estimates by $49.98 million. PennyMac Mortgage Investment Trust (NYSE: PMT) has however gained 3.22% in the past 6 months and 13.75% year to date.

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.

Page 1 of 5