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- 10 dividend stocks for 2016 with yields up to 15.6%
10 dividend stocks for 2016 with yields up to 15.6%
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Loading...Here are FBR’s favorite dividend stocks for 2016, sorted by yield:
The highest-yielding stock on the list is New Residential Investment Corp. NRZ, -0.76% The REIT’s most recent quarterly dividend was 46 cents a share, for a yield of 15.63%, based on Friday’s closing price of $11.77.
FBR analyst Jessica Levi-Ribner said on Friday that New Residential Investment is undervalued by the market and “should trade to a 9% yield given [its] growing book value, a seemingly clear view into core earnings and dividends, and relative rate insensitivity, all of which set it apart from peers trading closer to, or even under, book value and at comparable low- to-mid-teen dividend yields.”
The stock with the lowest yield on the list is James River Holdings Ltd. JRVR, +3.06% The yield is only 2.06%, based on the most recent regular quarterly payout of 16 cents and Friday’s closing price of $31.09.
But FBR analyst Randy Binner said: James River Holdings “has significant excess capital, low operating leverage, and the ability to continue to pay out special dividends.”
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