Arlington Asset Investment Corp.
Market Cap: $447 million
Dividend Yield: 13.4%
Arlington Asset Investment Corp. (AI) is an investment firm that acquires mortgage-related and other assets — and that rewards investors with a juicy dividend.
The stock’s dividend went from 35 cents per share in early 2010 to the current 88-cent per share quarterly payout it’s been paying since mid-2011 and just once again declared.
For investors, that means a sweet 13% yield, even in the face of the stock’s market-beating 25% year-to-date run.
The company is also a C Corporation, meaning its dividends are eligible for a 23.8% federal income rate on qualified dividend income, according to the company’s website, while dividends paid by a REIT are generally subject to tax at ordinary income rates — currently a maximum federal rate of just over 43%.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.