Get Out Before It's Too Late
On Friday shares of Invesco Mortgage Capital (IVR), a high-yielding real estate investment trust, dropped $1.03 per share, or 6.54%, as the Dow gained almost 187 points -- a reaction to news that Invesco's payout had been reduced from $0.97 in the third quarter to $0.65 in the fourth. As of last week's close, at $14.71, the stock was down 38.9% from its 52-week high of $24.07.
That still leaves Invesco as one of the market's highest yielders. Still, the company's cash distributions over the past two years haven't come close to offsetting the decline in the share price. Mortgage REITS show up on all screens of possible buys for investors seeking high income in our Fed-imposed zero-interest-rate-policy (ZIRP) world....501 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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