Income investors are always on the hunt for higher-dividend yields, but too often stocks with high-dividend yields can be yield traps that are at risk of being cut.
Service Properties Trust (NASDAQ: SVC) is among a handful of real estate investment trusts (REITs) making the list of stocks hitting new highs. Many REITs have rallied off of their October lows, but only a few have shown the kind of price strength recently seen in Service Properties Trust.
Gainers
TravelCenters of America Inc. (NASDAQ: TA) shares jumped 70.5% to $84.32 after BP announced it will acquire the company for $86 per share in cash.
Income investors love their high-yielding dividends, but they’re not too happy when rough times force real estate investment trusts (REITs) to cut the dividends. Take a look at three REITs currently offering dividends of 10% or more and whether they can maintain these high yields in future quarters.
U.S. stocks closed higher on Thursday, with the Dow Jones jumping over 800 points. Here is the list of some big stocks recording gains in the previous session.