12 Monthly Dividend Stocks with Over 5% Yield

2. ARMOUR Residential REIT, Inc. (NYSE:ARR)

Dividend Yield as of January 14: 15.87%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust company that mainly invests in mortgage-backed securities. In the third quarter of 2024, the company’s Agency MBS portfolio amounted to $12.4 billion, up from $8.9 billion in the previous quarter. It reported net repurchase agreements totaling $10.2 billion, with 41.4% of these agreements conducted through its affiliate, BUCKLER Securities LLC. In addition, the company’s debt-to-equity ratio stood at 7.74:1.

ARMOUR Residential REIT, Inc. (NYSE:ARR) is dedicated to fostering homeownership for a broad and diverse segment of Americans. Its strategy for creating shareholder value involves thoughtfully investing in and managing a leveraged, diversified portfolio of MBS. Moreover, the company focuses on sustaining dividends on common shares that align with intermediate-term goals, rather than reacting to short-term market changes.

On December 27, 2024, ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend of $0.24 per share, which was in line with its previous dividend. It is one of the best dividend stocks on our list as the company has been paying regular dividends to shareholders for the past 14 years. Its dividend yield came in at 15.87%, as of January 14.

As of the close of Q3 2024, 8 hedge funds in Insider Monkey’s database owned stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), up from 7 in the previous quarter. These stakes are worth nearly $8.2 million in total. Millennium Management was one of the company’s leading stakeholders in Q3.