Analyst Flags 11%+ Yields With PMT and DX Dividend Picks

A top analyst highlights two mortgage REITs — PennyMac Mortgage Investment Trust (PMT) and Dynex Capital (DX) — as dividend-income plays offering yields above 11%. PMT carries a forward yield of about 11.6% with a 40-cent quarterly dividend, while DX yields about 13.9% with a monthly 17-cent payment; both are backed by steady MSR and agency MBS income and receive an Outperform rating from Bose George, though PMT’s Wall Street consensus is Hold and DX’s is Moderate Buy.