5 Cheap Monthly Dividend Stocks To Buy

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

Share Price as of January 13: $14.31

Dynex Capital, Inc. (NYSE:DX) is a real estate investment trust company that invests in mortgage loans. The company is based in Virginia, US. It currently pays a monthly dividend of $0.13 per share and has a dividend yield of 10.93%, as of January 13.

In January, Credit Suisse upgraded Dynex Capital, Inc. (NYSE:DX) to Outperform and also lifted its price target on the stock to $15.50. The firm mentioned that the current market environment is favorable for the mREIT sector.

As of January 13, Dynex Capital, Inc. (NYSE:DX) trades at a per-share price of $14.31 and is among the cheap monthly dividend stocks on our list.

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.

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