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NRZ - New Residential's 13% Dividend Yield Makes It A Buy
New Residential Investment Corp.
Article Thesis
Buying purely based on dividend yields is oftentimes not a great idea, but as long as the dividend is well covered and supported by profits, high-yielding stocks can be attractive for income investors as well as for those interested in total returns. New Residential (NRZ) is one such company with a high dividend yield that is well supported by its profits. On top of that, New Residential also trades below book value right now, which is why there is ample potential for share price appreciation.