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Investing
Stock Markets

This Ultra-High Dividend Stock Is Buying Back Its Shares at a Discount

<b>Penny Mac Mortgage Investment Trust</b> , a mortgage REIT with a 15% dividend yield, just announced that it has approved plans to buy back up to $150 million worth of its own stock, which happens to be trading at a steep discount to book value. While there are numerous risks that come along with an …

Investing