5 High-Dividend Stocks to Buy Under $10

3. Ellington Residential Mortgage REIT (NYSE:EARN)

Dividend Yield as of August 5: 13.04%
Share Price as of August 5: $7.05

Ellington Residential Mortgage REIT (NYSE:EARN) is an American real estate investment trust company that invests in residential mortgages and real estate-related assets. The company offers monthly dividends to shareholders, which makes it one of the best dividend stocks on our list. It currently pays a monthly dividend of $0.08 per share and has a dividend yield of 13.04%, as of August 5.

At the end of Q1 2023, 6 hedge funds in Insider Monkey’s database owned stakes in Ellington Residential Mortgage REIT (NYSE:EARN), worth over $6.67 million collectively.

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