A 10% dividend yield looks like a gift. Usually it’s a warning the market is sending before the cut arrives. All five stocks below clear that bar, and all five are mortgage REITs, the one corner of the market where sky-high yields and dividend cuts are practically roommates.
The honest test isn’t GAAP earnings, which swing wildly on paper mark-to-market moves. It’s distributable earnings (EAD) versus the dividend, the cash that actually funds your check. On that test, these five are flashing.
This post originally appeared at 24/7 Wall St.