5 Dogs of the Russell 2000

In this article, we discuss 5 Dogs of the Russell 2000. If you want to read our detailed analysis of the performance of small-cap and dividend stocks over the years, go directly to read 11 Dogs of the Russell 2000. 

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

Dividend Yield as of January 22: 12.35%
Market Cap as of January 22: $715.4 million 

Dynex Capital, Inc. (NYSE:DX) is an American real estate investment trust company that generates income by acquiring, securitizing, and managing a variety of mortgage-related assets. It is among the dogs of the Russell 2000 as the company has a high dividend yield of 12.35%, as of January 22. Moreover, the company pays monthly dividends to shareholders and its current per-share dividend comes in at $0.13 every month.

At the end of September 2023, 10 hedge funds tracked by Insider Monkey reported having stakes in Dynex Capital, Inc. (NYSE:DX), compared with 12 in the previous quarter. These stakes have a total value of over $61.2 million. With nearly 2 million shares, Millennium Management was the company’s leading stakeholder in Q3.

4. Ares Commercial Real Estate Corporation (NYSE:ACRE)

Dividend Yield as of January 22: 13.07%
Market Cap as of January 22: $546.8 million 

Ares Commercial Real Estate Corporation (NYSE:ACRE) is an Illinois-based real estate investment trust company that focuses on originating and managing commercial real estate loans. On November 3, 2023, the company announced a quarterly dividend of $0.33 per share, which was in line with its previous dividend. The stock’s dividend yield on January 22 came in at 13.07%.

The number of hedge funds tracked by Insider Monkey holding stakes in Ares Commercial Real Estate Corporation (NYSE:ACRE) grew to 7 in Q3 2023, from 4 in the preceding quarter. The consolidated worth of these stakes is more than $14 million.

3. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of January 22: 14.01%
Market Cap as of January 22: $1.05 billion

An American specialty finance company, Ellington Financial Inc. (NYSE:EFC) is next on our dogs of the Russell 2000 list. The company’s monthly dividend currently comes in at $0.15 per share for a dividend yield of 14.01%, as recorded on January 22. In the third quarter of 2023, it reported a strong cash position with roughly $175 million available in cash and cash equivalents.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 9 funds owned stakes in Ellington Financial Inc. (NYSE:EFC), up from 6 in the previous quarter. These stakes have a total value of over $33.8 million. Among these hedge funds, Mike Vranos’ Ellington was the company’s leading stakeholder in Q3.

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

Dividend Yield as of January 22: 15.13%
Market Cap as of January 22: $932.3 million

ARMOUR Residential REIT, Inc. (NYSE:ARR) pays monthly dividends to shareholders as is among the best dogs of the Russell 2000. On January 24, the company declared a monthly dividend of $0.24 per share, which was in line with its previous dividend. The stock’s dividend yield on January 22 came in at 15.13%.

At the end of the third quarter of 2023, 7 hedge funds tracked by Insider Monkey owned stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), up from 5 in the preceding quarter. These stakes have a total value of nearly $5.5 million.

1. Global Net Lease, Inc. (NYSE:GNL)

Dividend Yield as of January 22: 15.98%
Market Cap as of January 22: $2.06 billion 

Global Net Lease, Inc. (NYSE:GNL), an American real estate investment trust company, tops our list of the best dogs of the Russell 2000. The company offers a quarterly dividend of $0.354 per share and has a dividend yield of 15.98%, as of January 22. It has been making regular dividends to shareholders since 2015.

Insider Monkey’s database of Q3 2023 indicated that 12 hedge funds owned stakes in Global Net Lease, Inc. (NYSE:GNL), compared with 15 a quarter earlier. These stakes have a total value of over $46.3 million.

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