4 Picks For Income Investors

Includes: AGNC, AOD, CIM, IRV
by: Leonid Kanopka

1.) Invesco Mortgage Capital Inc. (NYSE:IVR) is currently trading at $13.74 with a book value and a 1 year estimate value of over $19, but this article is strictly investing for income so let's get right to the point. IRV is offering about $0.80 per share in a quarterly dividend, the past four payments have been $0.97, $1, $0.97, and $0.8 respectively, resulting in a 27.22% dividend yield. Yes this is not a typo, 27.22% means you could potentially get over 100% of your money back in 4 years via dividends alone.

2.) Chimera Investment Corporation (NYSE:CIM) is currently trading at $2.66 and the last 4 dividend payments have been $0.17, $0.14, $0.13, $0.13 respectively. With a $0.13 quarterly dividend payment per share, this stock returns a yield of 19.55% over 1 year, not bad and surely better than any bank or CD rate!

3.) American Capital Agency Corp (NASDAQ:AGNC) is currently trading at $26.69 with a quarterly dividend of $1.4 per share, this yields a yearly return of 21%. This does not include the upside potential of 15.62% in stock price (1yr estimate of $30.86).

4.) Alpine Total Dynamic Dividend Fund (NYSE:AOD) is an ETF that is currently trading at $4.56 with a monthly dividend payment of $0.06 per share. This means that this ETF currently offers 15.79% yearly yield.

Disclosure: I am long AOD.