Stock Purchase - SNR (100 shares, $104 dividend income)

New Senior Investment Group Inc. (NYSE: SNR) is a real estate investment trust (REIT) with over 105 independent living properties, 44 assisted living / memory care properties and 5 continuing care retirement communities properties nationwide over 30 states.

There is no doubt in my mind that this nation's aging population and longer lifespans will surely drive this company's business for the long foreseeable future. I hope and expect their revenues to grow,  improve and be lucrative enough to be sustainable.

As long as they maintain that crazy 10+% yield and don;'t screw up badly, I'm in it ! :))

This purchase will add $104 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 826M   EPS:-$1.10  Dividend: $1.04 (10.25%)