15 Best Monthly Dividend Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 8

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a real estate investment trust company, based in Florida. The company mainly invests in mortgage-backed securities. The company is committed to promoting homeownership across a wide range of Americans. The company’s approach to creating value for shareholders centers around strategically investing in and managing a diversified, leveraged portfolio of mortgage-backed securities (MBS). In addition, the company focuses on maintaining steady dividends for common shares, prioritizing alignment with long-term objectives rather than responding to short-term market fluctuations.

In the third quarter of 2024, ARMOUR Residential REIT, Inc. (NYSE:ARR)’s Agency MBS portfolio grew to $12.4 billion, compared to $8.9 billion in the previous quarter. It also reported net repurchase agreements totaling $10.2 billion, with 41.4% of these agreements managed through its affiliate, BUCKLER Securities LLC. The company’s debt-to-equity ratio was recorded at 7.74:1.

ARMOUR Residential REIT, Inc. (NYSE:ARR) is one of the best dividend stocks on our list as the company has never missed a dividend in the past 14 years. Currently, it pays a monthly dividend of $0.24 per share and has a dividend yield of 15.55%, as of January 29.

According to Insider Monkey’s database of Q3 2024, 8 hedge funds held stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), up from 7 in the previous quarter. These stakes have a total value of nearly $8.2 million. Among these hedge funds, Millennium Management was one of the company’s leading stakeholders in Q3.