Stocks With 10% Dividend Yields Owned By Leading Investors

Mar. 25, 2012 5:43 PM ETCXS, NLY, PMT, PT-OLD11 Comments
Greg Group profile picture
Greg Group

We all see the news about what stocks the big billionaire gurus are buying like Warren Buffett, Carl Icahn and others. Many investors follow these gurus hoping to piggyback on their stock picks. This is a strategy for a short to median trade, as these stocks see price increases as more investors jump on board. What about high dividend stocks? A select group of gurus own stocks with dividend yield above 10%. This is a confirmation that these 10% yielders are worth a look for income investors. Here is a list of stocks to consider for high yield dividends.

Crexus Investments (CXS) operates as a specialty finance company in the United States. It acquires, manages and finances commercial mortgage loans and commercial real estate debts, commercial mortgage-backed securities, and other commercial real estate-related assets. Crexus Investment Corp has a market cap of $821.4 million. CXS shares are traded at around $10.50, with a P/E ratio of 7.6 and P/B ratio of 0.9. On December 19 2011, the company increased its quarterly dividend 16.7% to $0.35 per share. The current yield based on the new payout is 12.5%. CXS has an equity summary score of 9.9 out of 10 for a very bullish outlook. CXS is owned by Daniel Loeb of Third Point LLC and Jean-Marie Eveillard the portfolio manager of First Eagle Global.

PennyMac Mortgage Investment Trust (PMT) is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. The company seeks to acquire primarily troubled home mortgage loans and mortgage-backed securities from FDIC liquidations of failed banks, US Treasury Legacy Loans Program auctions and direct acquisitions from mortgage and insurance companies and foreign banks. PMT shares are traded at around $18.50 with a P/E ratio of 7.7 and P/B ratio

This article was written by

Greg Group profile picture
MBA with extensive background in strategy and investing. Founder of investing company specializing in advanced option strategies and monthly income generation through covered calls and other investments.

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