10 Highest-Paying Monthly Dividend Stocks

8. Dynex Capital, Inc. (NYSE:DX)

Dividend Yield as of November 23: 12.09%

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based real estate investment trust company that mainly invests in mortgage loans and securities on a leveraged basis. In October, BTIG maintained a Buy rating on the stock with a $13 price target, appreciating the company’s performance in the current market turmoil.

Dynex Capital, Inc. (NYSE:DX) currently offers a monthly dividend of $0.13 per share. The company hasn’t raised its dividends since the pandemic of 2020, however, it maintained regular payments throughout these years. As of November 23, the stock has a dividend yield of 12.09%.

In Q3 2022, Dynex Capital, Inc. (NYSE:DX) posted an EPS of $0.24 and a net interest income of $7.12 million. It reported over $260.3 million in cash and cash equivalents at the end of September and its total assets amounted to over $4 billion.

At the end of Q3 2022, 9 hedge funds tracked by Insider Monkey reported owning stakes in Dynex Capital, Inc. (NYSE:DX), holding a total value of over $27.8 million. Among these hedge funds, Balyasny Asset Management was the company’s leading stakeholder in Q3.