4 Income Favorites from the Dividend Detective
- Date: 14-Oct-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Gulf
4 Income Favorites from the Dividend Detective
In his industry leading Dividend Detective newsletter, Harry Domash looks at a diverse range of income opportunities; here, he reviews 4 new ideas — a financial sector REIT, a growth-oriented ETF, a closed-end fund, speculative business development company.
We’re adding a new name to to our Finance REITs portfolio. Redwood Trust (RWT) originates loans secured by residential, commercial and multifamily real estate properties. In September, Redwood increased its quarterly dividend by 17% to $0.21 per share. That was on top of a 13% payout hike in June. Redwood is paying a 6.5% dividend yield.
More from Harry Domash: Dividend Detective Finds 4 Favorites for Income