5 Real Estate Dividend Stocks with High Yields

1. Two Harbors Investment Corp. (NYSE:TWO)

Dividend Yield: 11.26%

Number of Hedge Funds: 31

Two Harbors Investment Corp. (NYSE:TWO) is focused on investing, financing, and managing Agency residential MBS, MSR, and other financial products. The Minnetonka, Minnesota-based company refers to these products as target assets and provides injection in the form of financing for real estate that can generate income.

In the Q3 2021 results released on November 8, Two Harbors Investment Corp. (NYSE:TWO) reported adjusted EPS of 24 cents as opposed to the consensus estimate of 20 cents. During the quarter, the corporation settled $29 billion worth of unpaid principal balance (UPB) and committed to acquiring $21 billion worth of UPB.

Two Harbors Investment Corp. (NYSE:TWO) is structured as a REIT for federal income tax purposes. A REIT is required to payout at least 90% of its annual taxable income as a dividend to its stockholders. The firm has been paying out dividends to its investors for the past 11 consecutive years. However, Two Harbors Investment Corp. (NYSE:TWO) could not maintain its continuous dividend growth as it was forced to resort to a dividend cut due to the pandemic in 2020. During Q3 2021, Two Harbors Investment Corp. (NYSE:TWO) paid out a quarterly dividend of 17 cents per share.

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