5 Best Monthly Dividend Stocks with High Yields

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

Number of Hedge Fund Holders: 9
Dividend Yield: 10.99%

ARMOUR Residential REIT, Inc. (NYSE: ARR) is a mortgage REIT investing in residential mortgage-backed securities in the US, and it ranks 1st on our list of the best monthly dividend stocks with high yields.

This July, B. Riley analyst Matt Howlett initiated coverage of ARMOUR Residential REIT, Inc. (NYSE: ARR) shares with a Neutral rating and an $11.50 price target. Howlett commented that ARMOUR Residential REIT, Inc. (NYSE: ARR) is one of the only “pure-play agency-only” mortgage REITs out there that offers investors a high-yielding cash flow without credit risk.

In the first quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.23, missing estimates by $0.08, while the company’s $16.06 million revenue also missed estimates by $20.09 million. ARMOUR Residential REIT, Inc. (NYSE: ARR) has however gained 14.83% in the past year.

By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $22.2 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $23.4 million.

You can also take a peek at 10 Best High Yield Dividend Stocks To Buy and 15 Fastest Growing Dividend Stocks.

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