Top 10 REIT Stocks with Highest Dividend Yield: ARR, AGNC, RSO, ANH, MFA, DX, WAC, NYMT, PMT, OLP (Apr 16, 2011)

Below are the top 10 REIT stocks with highest dividend yields for the last 12 months, UPDATED TODAY before 4:30 AM ET.

ARMOUR Residential REIT, Inc. (NYSE:ARR) has the 1st highest dividend yield in this segment of the market. Its current dividend yield is 19.89%. Its dividend payout ratio was 140.22% for the last 12 months. American Capital Agency Corp. (NASDAQ:AGNC) has the 2nd highest dividend yield in this segment of the market. Its current dividend yield is 19.63%. Its dividend payout ratio was 79.81% for the last 12 months. Resource Capital Corp. (NYSE:RSO) has the 3rd highest dividend yield in this segment of the market. Its current dividend yield is 15.97%. Its dividend payout ratio was 262.59% for the last 12 months. Anworth Mortgage Asset Corporation (NYSE:ANH) has the 4th highest dividend yield in this segment of the market. Its current dividend yield is 14.31%. Its dividend payout ratio was 109.93% for the last 12 months. MFA Financial, Inc. (NYSE:MFA) has the 5th highest dividend yield in this segment of the market. Its current dividend yield is 12.07%. Its dividend payout ratio was 95.71% for the last 12 months.

Dynex Capital, Inc. (NYSE:DX) has the 6th highest dividend yield in this segment of the market. Its current dividend yield is 11.27%. Its dividend payout ratio was 75.04% for the last 12 months. Walter Investment Management Corp. (AMEX:WAC) has the 7th highest dividend yield in this segment of the market. Its current dividend yield is 11.20%. Its dividend payout ratio was 140.83% for the last 12 months.New York Mortgage Trust, Inc. (NASDAQ:NYMT) has the 8th highest dividend yield in this segment of the market. Its current dividend yield is 10.88%. Its dividend payout ratio was 131.28% for the last 12 months. PennyMac Mortgage Investment Trust (NYSE:PMT) has the 9th highest dividend yield in this segment of the market. Its current dividend yield is 9.17%. Its dividend payout ratio was 81.81% for the last 12 months. One Liberty Properties, Inc. (NYSE:OLP) has the 10th highest dividend yield in this segment of the market. Its current dividend yield is 8.64%. Its dividend payout ratio was 158.60% for the last 12 months.