5 Best Monthly Dividend Stocks to Buy in June

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

Number of Hedge Fund Holders: 6
Dividend Yield as of June 7: 9.68%

Dynex Capital, Inc. (NYSE:DX) is a real estate investment trust that invests in mortgage-based securities on a leveraged basis. The company currently pays a monthly dividend of $0.13 per share, slashing it by 13% in 2020 due to the pandemic-induced financial instability. As of June 7, the stock offered an attractive yield of 9.68%.

This April, Jones Trading set a $19 price target on Dynex Capital, Inc. (NYSE:DX) with a Buy rating on the shares, as the company book value per common share showed growth from $17.99  to $18.24 in Q1 2022. The firm further expects growth in its book value through 2022.

With stakes worth roughly $19 million, 6 hedge funds in Insider Monkey’s database owned positions in Dynex Capital, Inc. (NYSE:DX) in Q1 2022. In the previous quarter, 4 hedge funds held stakes in the Virginia-based company, valued at over $2 million. Among these hedge funds, Balyasny Asset Management was the company’s largest stakeholder in the first quarter, with stakes worth over $11.6 million.