In this article, we discuss the 5 dividend stocks with over 8% yield. If you want our detailed analysis of these stocks, go directly to 9 Dividend Stocks with Over 8% Yield.
5. Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Dividend yield: 12%
Apollo Commercial is a New York-based REIT that invests in and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments. The stock is rising as the company recently posted strong Q3 results. The company’s management said that the quarterly results show the company’s strength of ARI’s floating rate loan portfolio. Adjusted EPS in the quarter came in at $0.37, beating analysts’ consensus estimate of $0.35. Revenue in the period totaled $76.3 million, beating the consensus of $62.2 million.
Apollo Commercial has a dividend yield of about 12% as of October 29.
As of the end of the second quarter of this year, 9 hedge funds in our database had stakes in the company. The total value of these stakes was $23 million.
4. DallasNews Corporation (NASDAQ:DALN)
Dividend yield: 13.3%
DallasNews Corporation is a newspaper company that has a dividend yield of over 11% as of October 29. In September, the company declared a quarterly dividend of $0.16 per share, in line with the previous dividend. In October, the company posted its latest quarterly results. It posted a net loss of $2.6 million, as compared to the net income of $1.6 million reported in the same period last year.
3. BB&G Foods, Inc. (NYSE:BGS)
Dividend yield: 11%
B&G Foods is a New Jersey-based food company which has a dividend yield of over 11% as of October 29. The stock jumped in September amid an industry-wide gain after General Mills posted strong quarterly results and guidance. B&G raised its dividend for nine consecutive years through 2019.
A total of 10 hedge funds tracked by Insider Monkey had stakes in the company as of the end of June. The biggest stakeholder of the company was Paul Marshall and Ian Wace’s Marshall Wace LLP, with a $22 million stake.
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.
1. Brandywine Realty Trust (NYSE:BDN)
Dividend yield: 11%
Brandywine Realty Trust is a Pennsylvania-based REIT that has a dividend yield of over 11% as of October 29. The company invests in office buildings mostly in Philadelphia, Washington, D.C., and Austin. In October, the stock jumped after the company posted strong third quarter results. In the period, the company’s FFO came in at $0.36, beating the estimates by $0.03. Revenue in the period jumped about 4.3% to reach $125.57 million, beating the estimates by $0.26 million. Same-store net operating income in the quarter totaled $69.5 million, up from $66.4 million posted in the same quarter last year. GAAP EPS in the quarter came in at $0.08, compared to $0.01 in the comparable period of last year.
As of the end of the second quarter, 11 hedge funds tracked by Insider Monkey had stakes in the company, compared to 16 funds in the period quarter.
You can also take a look at Top 11 Stocks With Growth Potential According to Juniper Investment Company and 10 Stocks Hedge Fund Legend Donald Sussman is Buying.
