5 Dividend Stocks with Over 8% Yield

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

Dividend yield: 22%

Armour Residential REIT is an extremely high-yield monthly dividend stock as its yield comes in at over 22% as of October 29. In October, the stock jumped mainly because of its strong Q3 report and also because of the rally in the bonds market. The company said its adjusted EPS in the quarter totaled $0.32 beats, beating the estimates by $0.03. Book value per common share was $5.83.

As of the end of the second quarter, just 5 funds in our database had stakes in the company.