In this article, we will discuss 5 real estate dividend stocks with high yields. If you want to read our detailed analysis of the real estate market, you can go directly to 10 Real Estate Dividend Stocks with High Yields.
5. Chimera Investment Corporation (NYSE:CIM)
Dividend Yield: 8.28%
Number of Hedge Funds: 16
Chimera Investment Corporation (NYSE:CIM) is a New York-based internally managed REIT. Founded in 2007, the company invests in asset securitization, residential mortgage loans, and mortgage-related securities. Chimera Investment Corporation (NYSE:CIM) has paid out $5.5 billion as dividends to its common and preferred stockholders since its inception.
Chimera Investment Corporation (NYSE:CIM) declared a quarterly dividend of 33 cents per share on December 2, payable on January 27, 2022. The ex-dividend date of the stock is December 29. The company used to pay out a quarterly dividend of 50 cents per share before the pandemic but was forced to cut it to 30 cents per share during the period. However, it was again increased to 33 cents per share in Q2 2021, reflecting the management’s desire to restore the dividend to pre-pandemic levels.
Chimera Investment Corporation (NYSE:CIM) reported its Q3 2021 results on November 3. The company’s netbook value stood at $12.32, making it one of the few stocks on the list, trading at a premium of more than 29%. Chimera Investment Corporation (NYSE:CIM) brought in $850 million worth of new loans during the quarter under its investment portfolio. The company is working on improving its profitability with a stable and long-term view.