With interest rates at such a persistently low level, finding yield is extremely difficult. Investors looking for income should take a look at the real estate investment trust (REIT) market for stocks that pay above-average dividends. REITs are required by law to pay out 90% of their earnings as dividends, which pretty much means big yields.
(Bloomberg) -- New Residential Investment Corp. agreed to buy Genesis Capital LLC, a lender that caters to fix-and-flip investors and small landlords, from affiliates of Goldman Sachs Group Inc.Most Read from BloombergNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachHow Singapore's $50 Billion Financial District Will Change After Covid-19How France Turned the Humble Roundabout Into a Showcase for ArtTycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt Moun
NEW YORK, October 11, 2021--New Residential Investment Corp. to Acquire Genesis Capital LLC