Is This 9%-plus Dividend Yield Safe?

Real opportunities to secure a 9% dividend yield don't come along all that often. High payouts like these often prove unsustainable and end up getting slashed.

One stock, however, has supported an eye-popping dividend for over a decade. Investors have received this massive dividend many times before, with the yield sometimes exceeding 10%. If you're interested in high-income dividend stocks, it's time to learn about Rithm Capital (NYSE: RITM).

With a market cap of only $5 billion, Rithm Capital is still mostly unknown to investors, though it has gained a following of dedicated investors since it went public in 2013. The business model is simple: Rithm Capital invests in a diverse range of mortgage instruments like residential loans and commercial real estate, all of which generate free cash flow that is then paid out to investors. This business is commonly referred to as a mortgage real estate investment trust (mREIT).

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Source Fool.com