In this article, we will take a look at 5 dividend stocks with over 8% yield. If you want to see our detailed analysis of dividend investing and the returns on dividend stocks, you can go directly to 10 Dividend Stocks With Over 8% Yield.
5. PennyMac Mortgage Investment Trust (NYSE:PMT)
Number of Hedge Fund Holders: 10
Dividend Yield as of December 3: 10.43%
PennyMac Mortgage Investment Trust (NYSE:PMT) operates as a specialty finance company that primarily invests in mortgage-related assets in the United States. The company operates through the following segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production. The stock has a forward PE ratio of 9.85, and a forward yield of 10.43% as of December 3rd. PennyMac Mortgage Investment Trust (NYSE:PMT) was founded in 2009 and is headquartered in California.
This September, B. Riley analyst Matt Howlett initiated coverage of PennyMac Mortgage Investment Trust (NYSE:PMT) and gave it a Buy rating along with a $23 price target.
Insider Monkey found PennyMac Mortgage Investment Trust (NYSE:PMT) to be a part of 10 hedge fund portfolios by the end of the third quarter of 2021. The total stakes of these funds in PennyMac Mortgage Investment Trust (NYSE:PMT) were roughly $7.38 million. Ken Griffin’s Citadel Investment Group is the lead stakeholder in the company as of September 30th, and has stakes of up to $2.38 million.
4. Falcon Minerals Corporation (NASDAQ:FLMN)
Number of Hedge Fund Holders: 19
Dividend Yield as of December 3: 10.50%
Falcon Minerals Corporation (NASDAQ:FLMN) acquires and owns mineral, royalty, and overriding royalty interests in oil and natural gas properties in North America.
This October, Piper Sandler analyst Pearce Hammond raised his price target on Falcon Minerals Corporation (NASDAQ:FLMN) to $6.50 from $5 and reiterated an Overweight rating on the shares.
For the fiscal third quarter of 2021, Falcon Minerals Corporation (NASDAQ:FLMN) reported earnings per share of $0.11, and beat estimates by $0.04. The company generated $19.21 million in revenues for the quarter, up from $9.67 million last year, which shows a 98.72% gain year-over-year. The stock’s forward price-to-earnings ratio is 29.94 and has a forward yield of 10.50% as of 3rd December.
By the end of the third quarter of 2021, Falcon Minerals Corporation (NASDAQ:FLMN) was present in 19 hedge fund portfolios whose total stakes in the company amounted to $43.88 million, up from $42.8 million in the prior quarter. Nantahala Capital Management owned the most shares of Falcon Minerals Corporation (NASDAQ:FLMN) by September end and had stakes of over $11.7 million in the oil corporation.
3. Ellington Financial Inc. (NYSE:EFC)
Number of Hedge Fund Holders: 10
Dividend Yield as of December 3: 10.58%
Ellington Financial Inc. (NYSE:EFC) acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company was incorporated in 2007 and is headquartered in Connecticut.
This September, Ellington Financial Inc. (NYSE:EFC) reported third-quarter results for 2021. The company reported earnings per share of $0.46 and turned over revenues of $40.15 million.
Out of the 867 funds being tracked by Insider Monkey, 10 hedge funds held stakes in Ellington Financial Inc. (NYSE:EFC) worth $58.99 million by the end of the third quarter of 2021. This is compared to 7 positions in the second quarter, with stakes of $45.14 million.
Israel Englander’s Millennium Management had the most stakes in Ellington Financial Inc. (NYSE:EFC) out of the 10 positions by the end of the third quarter. Millennium Management’s stakes in the company are valued at $21.15 million, up from $3.17 million in the prior quarter.
2. Annaly Capital Management, Inc. (NYSE:NLY)
Number of Hedge Fund Holders: 15
Dividend Yield as of December 3: 10.72%
Annaly Capital Management, Inc. (NYSE:NLY) acts as a diversified capital manager that invests in and finances residential and commercial assets. The company has elected to be taxed as a real estate investment trust (REIT). The stock has a forward yield of 10.72% and a PE ratio of 7.16 as of December 3rd. Annaly Capital Management, Inc. (NYSE:NLY) was founded in 1996 and is based in New York, New York.
Annaly Capital Management, Inc. (NYSE:NLY) reported its third-quarter earnings this September. The company’s EPS for the fiscal third quarter of 2021 was reported to be $0.28, beating estimates by $0.01, and the company’s revenue came out at $308.12 million.
Ken Griffin’s Citadel Investment Group owned the most shares of Annaly Capital Management, Inc. (NYSE:NLY) at the end of the third quarter of 2021. According to the September SEC 13F filings, Mr. Griffin’s stake in the REIT is currently $18.67 million, up from $17.25 million in the previous quarter.
Other than Citadel Investment Group, there were 14 other positions identified by Insider Monkey that held stakes in Annaly Capital Management, Inc. (NYSE:NLY) at the end of the third quarter of 2021. The total stake value of these hedge funds was approximately $34.94 million.
1. Two Harbors Investment Corp. (NYSE:TWO)
Number of Hedge Fund Holders: 31
Dividend Yield as of December 3: 11.31%
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
Two Harbors Investment Corp. (NYSE:TWO) reported earnings per share of $0.24, beating estimates by $0.04 for the fiscal third quarter of 2021. The company turned over revenues that amounted to $14.16 million for the same quarter. As of December 3rd, the stock has a forward yield of 11.31% and a forward price-to-earnings ratio of 7.37.
By the end of the third quarter of 2021, 31 hedge funds had stakes in Two Harbors Investment Corp. (NYSE:TWO). The total value of these stakes was $155.64 million. Of these 31 positions, HBK Investments was the leading stakeholder in Two Harbors Investment Corp. (NYSE:TWO). According to the September filings, HBK Investments’ stake in the company was an astounding $56.33 million, which accounts for 0.25% of the firm’s 13F portfolio.
You can also take a look at 10 High Dividend Stocks With Over 8% Yield and 12 Best Long-Term Dividend Stocks To Buy Now
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