Do either of you know of any REIT fund that pays a quarterly dividend of 65 cents a share? I got this newsletter yesterday where they touted a income fund (REIT) that pays 65 cents a quarter and sells for less that $20. I even checked the individual REIT stocks (AGNC, MFA, NLY, etc) and could not find anything.
Fred, Good luck and Congrats with your retirement! I am sure with you shrewd investment skills that everthing will work out great for you. Best of luck and thanks for helping me understand Mutual funds better. Thanks.
Thanks for the kind thoughts! I am doing this with some trepidation as I am only 59 and can't draw on my IRA until April and don't get my work pension (annuity) and social security until I am 62. So I have almost three years to go before I can collect social security and my largest single pension annuity. My wife is now 63.
Most important, I will be going off our group health insurance and into the private market for it. But, we've done the math and even if we have a worst case scenario for the health insurance we should be OK.
We'll be saving quite a bit in home costs by selling our home in Oregon and buying in Arizona (like around $1,000 a month).
Hey, it's why I have a tiny foothold in that fund! :-)
I view it as a long term hold that is going to give me a nice distribution year end, but is also going to be very very volatile. What I look at is the fund's long term performance. When I look at a Morningstar chart and view total return it beats GABUX, for example, over 3 and 10 year periods and is almost the same over 5 years. It's the last year that sank UNWPX.
They had some gold stocks that simply crumpled in the last quarter. Their second largest holding is Agnico-Eagle Mines (AEM) and it fell from a high of $82 to less than $40. Ouch!
I'm learning more about this sector. Probably smarter to learn before buying some....
Wow. Another awful day for the market. Not going to buy anything else until it gets out of this downward spiral. Looking for some good news out there and I hope we get some soon.To depressing to watch. I think I will go bowling and stop watching for a while. Have a nice day gentleman.
I ran a Morningstar screen for REITS paying $2.60 in the trailing 12 months whose last close was under $20 and there are two: American Home Mortgage Investment Corp AHMIQ whose current price is .01 cents and Invesco Mortgage Capital Inc IVR selling at $14.76. If they are absolute about the under $20 and a quarterly dividend of 65 cents then they must mean IVR.
IVR is one to avoid!
I am looking at New York Mortgage Trust (NYMT)because I am concerned about my high agency mREIT exposure with a heavy weighting in AGNC and ARR. When rates go up those two are going to go down. So I am going to slowly move out of both over the next year or two and into other more diverse high dividend yielders. I don't want to add more RSO because I'm way overweight in it and probably won't add more GABUX. So I am looking at other possibilities.
Good Morning Golf. The closest one I know of is NLY. It pays .60 a quarter and is currently trading at 16.22 a share. They should be announcing the dividend today or tomorrow. I am hoping it stays at .60 or better as I own it. GL.