3 High Yield Dividend mREITs

American Capital Agency Corp. (NASDAQ: AGNC) invests in residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis.

American Capital Agency currently has a dividend yield of 20.60%. The company’s shares have a 52-week range of $22.03-$30.76.

American Capital released its most recent quarterly results (Q2) back in July. The company reported second-quarter net income of $177.8 million, or $1.36 per share. Excluding one-time items, the company reported net income of $1.41 per share. The company had a book value of $26.76 per share at the end of the second quarter.

Chimera Investment Corp. (NYSE: CIM) is a specialty finance company, investing in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.

Chimera Investment currently has a dividend yield of 18.25%. The company’s shares have a 52-week range of $2.62-$4.36.

Chimera Investment released its second-quarter financial results last month. The company reported core earnings of $145.6 million, or $0.14 per share for the second quarter ended June 30, 2011, compared with core earnings of $142.8 million, or $0.19 per share reported for the first quarter ended March 31, 2011. The company’s GAAP net income for the second quarter of 2011 was $117.8 million, or $0.11 per share, compared with $124.6 million, or $0.16 per share reported for the same period in the previous year.

Cypress Sharpridge Investments Inc. (NYSE: CYS) invests in Agency residential mortgage-backed securities. The company’s objective is to achieve risk-adjusted investment income on a consistent basis.

Cypress Sharpridge Investments currently has a dividend yield of 19.31%. The company’s shares have a 52-week range of $11.89-$14.25.

Cypress Sharpridge Investments released its most recent quarterly results back in July. The company reported GAAP net income of $99.4 million, or $1.20 per share for the second quarter. Its core earnings for the second quarter were $41.5 million, or $0.50 per diluted share.

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