The bullish development, which has been occurring 5 months now, continues. The S&P 500 and NASDAQ set a brand new all—time excessive, and the Dow Jones is holding above 28,000, a stage it has not seen because the finish of February.However what goes up, should come down; even Superman should come again all the way down to floor. That is true within the markets, too, and this fundamental reality of life is planting a seed of unease in some traders’ minds. That unease could solely simply be stirring, however it’s actual, and it has sparked some curiosity within the basic defensive inventory: high-yield dividend payers.These are nearly a ‘conventional’ transfer for traders seeking to defend their portfolios. Excessive-yielding dividend shares are much less unstable than most of their friends. And the dividend fee ensures a gentle revenue stream for traders. In impact, the return is shifted from share appreciation to dividend payouts.Utilizing TipRanks database, we’ve pulled three shares with a profile certain to draw traders with an curiosity in dividend returns. Every is a small- or mid-cap firm, with a Robust Purchase ranking from the Road’s analysts – and dividend yields that begin at 6%. Contemplating that the typical yield amongst S&P shares is barely 2%, these shares stand out for returns.AGNC Funding (AGNC)We’ll begin with AGNC Funding, an actual property funding belief primarily based within the Maryland suburbs of Washington, DC. This REIT focuses on mortgage backed securities, particularly these backed or assured by the US authorities. Federally backed securities make up greater than three-fourths of the corporate’s portfolio, and whole over $70 billion. The standard of Federal ensures makes a strong base for the corporate’s investments.That solidity is evident from the corporate’s 1H20 outcomes. Earnings remained optimistic via the half, however extra importantly, regardless of the corona disaster, the EPS outcomes remained in-line with earnings in 2H19. The Q2 outcomes, additionally, beat the forecast by a 26% margin. Regular earnings and a slowly bettering liquidity standing allowed AGNC to take care of its month-to-month dividend fee via the current crises. As a precaution, and to maintain the fee congruent with decrease share costs, the corporate diminished the dividend by 25% beginning with the April fee. However decrease dividend, at 12 cents per share, nonetheless annualizes to $1.44 and offers a hefty yield of 10.2%.JPMorgan analyst Richard Shane likes AGNC’s present scenario, describing it as “a pretty funding atmosphere for MBS and a continued Fed backstop.” Stepping into particulars, the 5-star analyst writes, “We imagine the corporate presents a powerful threat/reward profile. We imagine AGNC stays one of many best-managed MREITs inside our protection universe… AGNC’s portfolio of company MBS represents ‘flight to high quality’ property and profit instantly from Fed help with improved valuations and tighter spreads.”Shane places an Chubby (i.e. Purchase) ranking on the shares, and his $17 worth goal implies a one-year upside of 20%. (To observe Shane’s observe document, click on right here)General, with 6 Purchase rankings and 1 Maintain set in current weeks, AGNC has a Robust Purchase ranking from the analyst consensus. The analysts anticipate an 8% premium from present ranges, as indicated by the $15.14 common worth goal. (See AGNC inventory evaluation on TipRanks)Ellington Monetary (EFC)Subsequent up, Ellington Monetary, operates within the mortgage finance sector. The corporate invests in a spread of devices, together with mortgage-backed securities, business and residential mortgage loans, and fairness investments. It’s a various portfolio, and normal for a finance-focused REIT.Ellington noticed revenues climb within the first quarter of 2020, beating the financial disaster and the forecasts. EPS, at 46 cents, was 39% above expectation. In Q2, EPS fell sequentially however continued to beat the estimates – it was reported as 39 cents, beating the forecast by 62%. Second quarter revenues got here in at $43.Three million. Ellington reported robust money holdings, with $146.7 million available on the finish of Q2.That money helped fund a high-yield dividend fee. Ellington pays out month-to-month, and has been identified to regulate the dividend to maintain it in-line with earnings. Throughout Q1, the corporate lowered the month-to-month fee from 15 cents to eight. Beginning with the June distribution, they raised the dividend to 9 cents, the place it stands now. The final declaration, on August 28, was for 9 cents per frequent share to be paid out on September 25. At that price, the dividend has an annualized payout of $1.08 and a powerful yield of 8.5%.Michael Diana, writing from Maxim, charges EFC shares a Purchase, and his $16 worth goal suggests the inventory has a 31% upside potential going ahead. (To observe Diana’s observe document, click on right here)In his feedback, Diana lays out bullish expectations for the inventory: “In the course of the subsequent 4 quarters, we anticipate: 1) a dividend yield of 9.3% (reflecting a dividend enhance in 1Q21); and a couple of) inventory worth appreciation of 31.1% (to our worth goal), which ought to lead to an estimated 12-month whole return of about 40%. EFC stays our prime decide in mortgage REITs.”General, EFC’s Robust Purchase analyst consensus ranking on EFC relies on Four Buys and 1 Maintain. The inventory is buying and selling at $12.25, and the typical worth goal of $13.90 implies it has an 13.5% upside. (See EFC inventory evaluation on TipRanks)International Medical REIT (GMRE)In a time of worldwide pandemic, medical services would appear to be a pure funding. This may give International Medical REIT a step up, by typical knowledge, and it did. This firm focuses on the acquisition and possession of healthcare sector properties: diagnostic and outpatient clinic, group apply clinics, hospitals, and outpatient surgical procedures. International Medical manages the bodily infrastructure of the properties, and leases them to the medical operators.With medical providers in demand, GMRE noticed earnings stay steady in 1H20, whereas revenues barely elevated. The highest line quantity in Q1 gained 5.8% sequentially to succeed in $21.65 million, and in Q2 revenues rose 2% to $22.05 million.Because the second quarter ended, GMRE was negotiating to enhance its liquidity – a course of that got here to a profitable conclusion in July when the corporate introduced a $100 million addition to its current credit score services. And likewise in July, GMRE paid out its quarterly dividend of 20 cents per frequent share. The corporate has a 4-year historical past of reliably conserving that fee, and on the present price, the dividend yield stands at 6.23%.Bryan Maher, of B. Riley FBR, notes that International Medical has been extremely profitable in maintaining its revenue stream, writing, “Administration famous it had collected 95% of rents due in 2Q20 and that it had diminished its hire deferrals from ~$2.0M to $1.1M (~1.5% of 2020E hire) that may have ordinarily been collected from April-July, and which is able to now be collected from July-December 2020. Whereas the influence of the COVID-19 pandemic is much from over, we imagine these hire deferrals had been far lower than some traders had been anticipating.”With that strong revenue in thoughts, Maher charges the inventory a Purchase units together with a $15 worth goal. This determine implies room for 13% upside development. (To observe Maher’s observe document, click on right here)All in all, GMRE’s Robust Purchase consensus ranking is unanimous, coming from Four Buys given by Wall Road’s analysts. The inventory is buying and selling for $13.3, and the $14.25 common worth goal suggests a 7% upside from present ranges. (See GMRE inventory evaluation on TipRanks)To search out good concepts for dividend shares buying and selling at engaging valuations, go to TipRanks’ Finest Shares to Purchase, a newly launched instrument that unites all of TipRanks’ fairness insights.Disclaimer: The opinions expressed on this article are solely these of the featured analysts. The content material is meant for use for informational functions solely. It is vitally vital to do your personal evaluation earlier than making any funding.