Cherry Hill's 15.4% Yield Looks Tempting, But a String of Dividend Cuts Tells a Cautionary Tale

Founded in 2012, Cherry Hill Mortgage Investment Corporation, a prominent real estate finance company ( NYSE:CHMI ) is flashing a 15.04% annualized dividend yield at a stock price of $2.66, trading at a meaningful discount to a book value of $3.44 per share.