REIT Payout Cuts Spurred by Fed Taper That Hasn’t Come

Steven Hoffman, owner of a wooden button factory in Brooklyn, New York, was drawn into real estate investment trust CYS Investment Inc. by its 12 percent dividend yield. After buying 2,000 of shares a year ago that have since dropped more than 43 percent amid concern the Federal Reserve would reduce its economic stimulus, he’s now anxious his payout will be cut.

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