Chasing yield - bought more STWD (50 shares, $96 dividend income)

This week, I added more shares of Starwood Property (NYSE:STWD) on price weakness in the REIT sector. For long term income investors, Starwood's 5 year average yield of over 6% and a reasonable payout ratio (~88%) looks really attractive. Their growing revenue and earnings also inspires confidence that they will be around for a while.

I first bought shares in Starwood in March after a price pullback. That's when I also found out Starwood has had at least 5 straight years of higher dividends (see Dividend Challenger on David Fish's list). This is a good sign of things to come for this company.

With long term US economy improving and short term interest rates rising gradually, I think Starwood's business (Commercial Loans and Real Estate) will continue to do well and hence their dividend will keep on rolling regardless of current volatile stock market conditions.

Basic info:
Market CAP: 5.8B EPS: $2.12 Dividend %: 8