Forget This 8.8%-Yielding Dividend Stock. Consider These Even Higher-Yielding Payouts Instead.
ETEnergy Transfer(ET) The Motley Fool·2024-01-04 19:20

Redwood Trust (RWT -2.76%) pays a pretty enticing dividend. The mortgage-focused real estate investment trust (REIT) currently yields 8.8%. That's several times above the S&P 500's 1.5% dividend yield. However, as alluring as the mortgage REIT's yield might seem, investors should forget about that big-time payout. That's because they can earn even higher yields from Energy Transfer (ET 1.01%) and MPLX (MPLX 0.65%). The energy master limited partnerships (MLPs) currently yield over 9%. Further, those MLPs ar ...