Investing
These 15 Stocks Are Among the Top Dividend Payers in the Russell 2000
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Recognizing that one day “Magnificent 7” stocks like Apple were once small cap stocks (those with market caps between $250 million and $2 billion), FTSE Russell, a subsidiary of the London Stock Exchange, created the Russell 2000 Index. Composed of the lower market-cap 66% of the Russell 3000, it is considered the small-cap stock equivalent of the S&P 500 as a benchmark for analysts.
By being market-cap weighted and based purely on math, rather than via committee, like with the S&P 500, the Russell 2000 is an unbiased gauge of the top stocks in the small-cap arena. The greater trading volatility and roller-coaster peaks and valleys often exhibited by small-cap stocks are certainly a part of a number of the Russell 2000 constituents.
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While a few hundred Russell 2000 stocks pay a dividend, the vast majority that pay high dividends (over 7%) are mostly Real Estate Investment Trusts (REIT). This is mostly due to:
Another benefit of REITs, although on a case-by-case basis, is that some REITs pay dividends monthly, rather than quarterly.
The below 15 stocks are the highest yielding Russell 2000 stocks based on market price at the time of this writing. As one might expert, the industry sector of high-yielding stocks is dominated by REITs. The only two exceptions are digital and printing company Xerox and B&G Foods, Inc.
Name | Ticker | Yield | Industry | |
Orchid Island Capital, Inc. | ORC | 18.49% | REIT | |
New York Mortgage Trust | NYMT | 14.63% | REIT | |
Two Harbors Investment Corp. | TWO | 14.15% | REIT | |
Global Net Lease | GNL | 13.38% | REIT | |
Dynex Capital, Inc. | DX | 12.73% | REIT | |
Ellington Financial, Inc. | EFC | 12.50 | REIT | |
PennyMac Mortgage Trust | PMT | 11.49% | REIT | |
Uniti Group Inc. | UNIT | 11.15% | REIT | |
Community Healthcare Trust, Inc. | CHCT | 11.09% | REIT | |
Blackstone Mortgage Trust Inc. | BXMT | 10.47% | REIT | |
Brandywine Realty Trust | BDN | 10.06% | REIT | |
Xerox Holdings Corp. | XRX | 9.87% | digital & print services | |
Chimera Investment Corp | CIM | 9.75% | REIT | |
B&G Foods Inc. | BGS | 9.44% | branded foods | |
Global Medical REIT Inc. | GMRE | 8.99% | REIT |
Recent news from BRICS (Brazil, Russia, India, China, South Africa) has accelerated the de-dollarization of the global economy, with member nations now making arrangements to settle international cross-border trade transactions with national currencies. As a result, international dumping of US Treasury bonds is likely to escalate, as the need to hold US dollars will continue to diminish.
The deluge of dollars coming back to the US will inevitably hike inflation again. The latest CPI news also noted that jobless claims were also rising, along with inflation. The loss of buying power and reduced ability to get extra employment will make acquiring passive income an even greater imperative.
For those families with investable assets, they may find that dividend stocks are among the best options available.
As a source of passive income, dividend stocks have a number of attractive features:
24/7 Wall Street has a gigantic database of dividend stocks to suit all levels of risk tolerance, and has published numerous past articles highlighting them. The sample collections feature more than sufficient dividend stocks of all types to suit the criteria of practically any market-based investor’s criteria.
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