10 Highest-Paying Monthly Dividend Stocks

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1. ARMOUR Residential REIT, Inc. (NASDAQ:ARR)

Dividend Yield as of November 23: 20.80%

ARMOUR Residential REIT, Inc. (NASDAQ:ARR) is an American real estate investment trust company. In October, B. Riley maintained a Neutral rating on the stock with a $6 price target, presenting a positive stance on mortgage real estate investment trusts.

On November 22, ARMOUR Residential REIT, Inc. (NASDAQ:ARR) declared a monthly dividend of $0.10 per share, consistent with its previous dividend. The stock’s dividend yield on November 23 came in at 20.80%.

As of the close of Q3 2022, 8 hedge funds tracked by Insider Monkey owned stakes in ARMOUR Residential REIT, Inc. (NASDAQ:ARR), up from 5 in the previous quarter. The collective value of these stakes is over $23.8 million.

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