According to Nasdaq Ventures, there are a few stocks to consider adding to your portfolio to protect yourself from underperforming and find high-yield returns.
Energy Transfer LP – one of America’s largest and most diversified midstream energy company.” It operates diversified portfolios of energy assets, mostly in the United States. ET has currently a dividend yield of 6.2% and a 5-year average dividend yield of 9.3%. The company also has an expected earnings growth rate of 987.5% for 2021.
New York Community Bancorp Inc. (NYCB) – provides traditional and non-traditional products and services along with access to both online and mobile banking. It is one of the largest banks in the U.S. with 225 locations in New York, New Jersey, Ohio, Florida, and Arizona. Its dividend yield and 5-year average dividend yield are both 5.8%. The expected earnings growth rate for the year is 43.7%.
Redwood Trust, Inc. (RWT) – is a self-advised and self-managed real estate investment trust. RWT is focused on making credit-sensitive investments in residential loans and other mortgage-related assets, as well as residential mortgage banking activities. The stock has a dividend yield of 6.1%, and the 5-year average dividend yield is 8.1%. The expected earnings growth rate for this year is 3,125%!
Recently, the company reported second-quarter earnings that were very impressive, with a net income of $90 million, revenue of $139 million, and adjusted revenue of $31 million.
Sven Franssen