360° Coverage : New Residential Investment (NRZ) Passes Through 11% Yield Mark

1 Updates

New Residential Investment (NRZ) Passes Through 11% Yield Mark

May 7 2014, 3:46pm CDT | by

Looking at the universe of stocks we cover at Dividend Channel, in trading on Wednesday, shares of New Residential Investment Corp (NYSE: NRZ) were yielding above the 11% mark based on its quarterly...

Filed under: news

 
 
 

16 weeks ago

New Residential Investment (NRZ) Passes Through 11% Yield Mark

May 7 2014, 3:46pm CDT | by

Looking at the universe of stocks we cover at Dividend Channel, in trading on Wednesday, shares of New Residential Investment Corp (NYSE: NRZ) were yielding above the 11% mark based on its quarterly dividend (annualized to $0.70), with the stock changing hands as low as $6.31 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 11% would appear considerably attractive if that yield is sustainable. New Residential Investment Corp (NYSE: NRZ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of New Residential Investment Corp, looking at the history chart for NRZ below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 11% annual yield.

Click here to find out which 9 other dividend stocks just recently went on sale, at DividendChannel.com »


Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco’s Oil & Gas Income Portfolio

According to the ETF Finder at ETFChannel.com, NRZ makes up 3.51% of the Mortgage REIT Income ETF (AMEX: MORT) which is trading higher by about 0.7% on the day Wednesday.

/>/>
 
Update
1

7 hours ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hits ho ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Massive solar flare can damage communications on Earth
New York, Aug 29 (IANS) The most powerful solar flare ever is beginning to rotate to a position directly in line with Earth that, if it hits the ground, can send GPS and communication signals out of gear, the NASA reported.
 
 
Human trials of Ebola vaccine to start next week
Washinton, Aug 29 (IANS) The US government announced Thursday that it will start initial human trials of Ebola vaccine next week.
 
 
4,000 Gaza fishermen go fishing in six-mile area
Gaza, Aug 28 (IANS) As many as 4,000 fishermen in the Gaza Strip Thursday were able to go fishing in a expanded zone, previously restricted to just three miles by Israel, a senior Palestinian official said.
 
 
Number of Ebola cases may reach 20,000: WHO
Geneva, Aug 28 (IANS/EFE) The number of people infected with the Ebola virus in Western Africa could reach 20,000, six times more than the current estimates, the World Health Organisation (WHO) warned Thursday.
 
 
 

Latest from the Network

Massive solar flare can damage communications on Earth
New York, Aug 29 (IANS) The most powerful solar flare ever is beginning to rotate to a position directly in line with Earth that, if it hits the ground, can send GPS and communication signals out of gear, the NASA...
Read more on Apple Balla
 
Paes-Cara, Bopanna-Katarina advance in US Open mixed doubles
New York, Aug 29 (IANS) India's Leander Paes and his Zimbabwean partner Cara Black, seeded third, along with the sixth seeds Rohan Bopanna and his Slovenian teammate Katarina Srebotnik advanced to the second round of...
Read more on Sport Balla
 
Is Philippines mulling an 'anti-selfie' bill?
Manila, Aug 29 (IANS) A bill that seeks to bar taking photos of people without their permission is under intense discussion in the Congress in the Philippines, said Carlos Zarate, a representative from Bayan Muna, the...
Read more on Politics Balla
 
Volcano erupts in Papua New Guinea
Port Moresby, Aug 29 (IANS) Papua New Guinea Police have warned residents to stay indoors after a volcano erupted Friday. Tavurvur, an active volcano on East Britain Island, erupted at 3.00 a.m., Xinhua reported. The...
Read more on Politics Balla
 
World's longest garland honours Indian spiritual guru in US
New York, Aug 29 (IANS) Over 200 meditation students of Sri Chinmoy from 35 countries, including India, have set a new Guinness world record for the World's longest fresh flower garland to honour the Indian spiritual...
Read more on Politics Balla
 
Protest leaders meet Pakistan Army chief
Islamabad, Aug 29 (IANS) Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) leaders Friday met the Army Chief Raheel Sharif to find a solution to end the on-going political crisis in the country. This...
Read more on Politics Balla
 
US Sikhs, lawmakers protest basketball ban on turbans
Washington, Aug 29 (IANS) Two US lawmakers, including the lone Indian-American Congressman, have joined Sikh community groups in protesting the world basketball body FIBA's delay in reviewing the discriminatory policy...
Read more on Sport Balla
 
Australian PM to visit India, Malaysia
Sydney, Aug 29 (IANS) Australian Prime Minister Tony Abbott announced Friday that he will travel to India and Malaysia next week. On Abbott's first visit to India as prime minister, he said he will visit New Delhi and...
Read more on Politics Balla
 
Brazil wants Neymar from Santos: Dunga
Rio de Janeiro, Aug 29 (IANS) Brazil coach Dunga has said he expects Neymar to be fully fit for the Selecao's friendlies against Colombia and Ecuador next month. The 22-year-old missed Barcelona's 3-0 victory over...
Read more on Sport Balla
 
Udinese sign Brazilian midfielder Evangelista
Rio de Janeiro, Aug 29 (IANS) Udinese have completed the signing of midfielder Lucas Evangelista from Brazil's Sao Paulo. The 19-year-old was sold to the Italian Serie A outfit for 4,000,000 euros, Xinhua cited from...
Read more on Sport Balla