NRZ BUY

On Tuesday the 29th I dipped my toes into a small amount of NRZ. It was my second buy of it as it is a cash cow that just recently raised its dividend. This stock has been a great performer so far for me of course as always past performance does not equal future performance. It is also one of my favorite reits.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also invests in non-agency and agency residential mortgage backed securities; and residential mortgage loans comprising loans held-for-investment, loans held-for-sale, and real estate owned loans. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.

 

So on Tuesday i bought 48.96 shares of NRZ for  821.05. This will add a nice amount of 94.00 to my future dividends. This brings my total 12 month future dividends to 2313.1. This brings my total share count to 112.7. This add gives me my second 200.00 a year stock. a few more on the horizon.

 

Disclaimer: I am long NRZ as always do your own due diligence before buying any stock.

 

 

 

Author: dividendsandhobbies

A Christian first and foremost. I love to invest fish grow a garden etc.

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