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5 REITs Under $10 With HUGE Dividends

Just be careful: A few payouts are a little risky

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Crexus Investment

Crexus CXSMarket Cap: $750 million
Dividend Yield: 11%
June 11 Open: $9.90

Crexus Investment (NYSE:CXS) is a real estate investment trust that is like Armour Residential (NYSE:ARR), but instead focuses on commercial mortgage loans and commercial mortgage-backed securities in addition to so called “agency” residential mortgages from Fannie and Freddie.

Like Armour, the dividend has just been reduced — from 35 cents in January to a quarterly payout of 27 cents in April — and be warned: Back in January 2011, the payout was only 22 cents for the quarter. But even if payouts fall back to 22 cents, the annualized yield still would be a juicy 9% at current valuations. This REIT is off about 5% since January.

Article printed from InvestorPlace Media,

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