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 shares a year ago that have since dropped 43 percent amid concern the Federal Reserve would reduce its economic stimulus, he’s now anxious his payout will be cut.
“I’m pretty upset that CYS has gotten so upside down,” said Hoffman, 64, adding that he tracks the stock daily to decide whether he’ll hold or sell his stake.
