NYMTZ - 16% For Suckers Stomped By 9% Dividend Yield

• Putting two REITs head to head, we can see a clear winner.
• One has barely delivered positive returns over the longer part of a decade as falling book value offset big dividends.
• The other drove book value up while paying out dividends, resulting in shareholders’ wealth doubling during the same period.
• Guess which one trades at a cheaper price-to-book ratio? It’s the one that actually made shareholders richer.

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