In this article, we will be taking a look at 5 dividend stocks with over 9% yield. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks with Over 9% Yield.
5. Two Harbors Investment Corp. (NYSE: TWO)
Number of Hedge Fund Holders: 30
Dividend Yield: 10.4%
Two Harbors Investment Corp. (NYSE: TWO), a mortgage real estate investment trust, invests in residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the US. The company ranks 5th on our list of dividend stocks with over 9% yield.
Credit Suisse has a Hold rating on shares of Two Harbors Investment Corp. (NYSE: TWO) alongside a $7.50 price target, as of this June.
In the second quarter of 2021, Two Harbors Investment Corp. (NYSE: TWO) had an FFO of $0.19, beating the previous quarter’s FFO of $0.17. The company’s revenue was $19.04 million, missing estimates by $24.47 million. Two Harbors Investment Corp. (NYSE: TWO) has gained 6.96% year to date and 21.28% in the past year.
By the end of the second quarter of 2021, 30 hedge funds out of the 873 tracked by Insider Monkey held stakes in Two Harbors Investment Corp. (NYSE: TWO) worth roughly $160 million. This is compared to 32 hedge funds in the previous quarter with a total stake value of approximately $200 million.
4. ARMOUR Residential REIT, Inc. (NYSE: ARR)
Number of Hedge Fund Holders: 13
Dividend Yield: 10.98%
ARMOUR Residential REIT, Inc. (NYSE: ARR), another mortgage REIT, works with a securities portfolio of US Government-sponsored entity’s (GSE) and the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans. The company ranks 4th on our list of dividend stocks with over 9% yield.
This July, analysts at B. Riley placed a Neutral rating and an $11.50 price target on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR).
In the second quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.21, missing estimates by $0.07. The company’s revenue was $16.7 million, beating the previous quarter’s $16.06 million revenue. ARMOUR Residential REIT, Inc. (NYSE: ARR) has gained 3.02% year to date and 12.80% in the past year.
By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $32.3 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $22.2 million.
3. Cherry Hill Mortgage Investment Corporation (NYSE: CHMI)
Number of Hedge Fund Holders: 5
Dividend Yield: 12.04%
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a residential real estate finance company, ranking 3rd on our list of dividend stocks with over 9% yield. The company acquires, invests in, and manages residential mortgage assets in the US.
As of this August, JMP Securities holds a Market Perform rating on shares of Cherry Hill Mortgage Investment Corporation (NYSE: CHMI).
In the second quarter of 2021, Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) had an FFO of $0.28, beating estimates by $0.02. The company’s revenue was $6.64 million, beating estimates by $3.18 million. Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has gained 1.82% year to date.
By the end of the second quarter of 2021, 5 hedge funds out of the 873 tracked by Insider Monkey held stakes in Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) worth roughly $16 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $11 million.
2. Natural Health Trends Corp. (NASDAQ: NHTC)
Number of Hedge Fund Holders: 2
Dividend Yield: 12.31%
Natural Health Trends Corp. (NASDAQ: NHTC) is a direct-selling and e-commerce company offering personal care, wellness, and lifestyle products under the NHT Global brand. It ranks 2nd on our list of dividend stocks with over 9% yield.
In the second quarter of 2021, Natural Health Trends Corp. (NASDAQ: NHTC) had an EPS of $0.02, beating the previous quarter’s EPS of $0.01. The company’s revenue was $3.93 million, also beating the previous quarter’s revenue of $3.25 million. Natural Health Trends Corp. (NASDAQ: NHTC) has gained 31.58% year to date and 24.76% in the past year.
By the end of the second quarter of 2021, 2 hedge funds out of the 873 tracked by Insider Monkey held stakes in Natural Health Trends Corp. (NASDAQ: NHTC) worth roughly $6.6 million. This is compared to 1 hedge fund in the previous quarter with a total stake value of approximately $6.4 million.
1. Orchid Island Capital, Inc. (NYSE: ORC)
Number of Hedge Fund Holders: 9
Dividend Yield: 15.23%
Orchid Island Capital, Inc. (NYSE: ORC) is a specialty finance company operating as a mortgage real estate investment trust and ranking 1st on our list of dividend stocks with over 9% yield. The company invests in residential mortgage-backed securities (RMBS) in the United States.
In the second quarter of 2021, Orchid Island Capital, Inc. (NYSE: ORC) had an FFO of $0.24, missing estimates by $0.03. The company’s revenue was $27.70 million, up 21.59% year over year and beating estimates by $1.41 million. Orchid Island Capital, Inc. (NYSE: ORC) has gained 0.20% in the past year.
By the end of the second quarter of 2021, 9 hedge funds out of the 873 tracked by Insider Monkey held stakes in Orchid Island Capital, Inc. (NYSE: ORC) worth roughly $17.2 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $20 million.
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