This Stock Has A 14.20% Yield And Sells For Less Than Book

Ellington Residential Mortgaging Real Estate Investment Trust ( EARN) has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, EARN shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent EARN share price of $15.50 represents a price-to-book ratio of 0.9 and an annual dividend yield of 14.20% — by comparison, the average company in Dividend Channel's coverage universe yields 3.6% and trades at a price-to-book ratio of 2.2. The report also cited the strong quarterly dividend history at Ellington Residential Mortgaging Real Estate Investment Trust, and favorable long-term multi-year growth rates in key fundamental data points.

START SLIDESHOW:
The Top 25 DividendRank'ed Stocks »

The report stated, '' Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Ellington Residential Mortgaging Real Estate Investment Trust is $2.20/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/26/2015. Below is a long-term dividend history chart for EARN, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

EARN+Dividend+History+Chart

If you liked this article you might like

Ways to Avert Damage From Chinese Western Property Pullback

Ways to Avert Damage From Chinese Western Property Pullback

How to Avoid Being Hurt by the Great Chinese Western Property Retreat

How to Avoid Being Hurt by the Great Chinese Western Property Retreat

Most Investors Should Own a Lot More REITs

Most Investors Should Own a Lot More REITs

What You Can Learn From 13F Filings

What You Can Learn From 13F Filings

What To Sell: 3 Sell-Rated Dividend Stocks EARN, SSI, HMLP

What To Sell: 3 Sell-Rated Dividend Stocks EARN, SSI, HMLP