5 High Growth Monthly Dividend Stocks to Buy

In this article, we will discuss the 5 high-growth monthly dividend stocks to buy. If you want to see more companies in this selection, go to the 11 High Growth Monthly Dividend Stocks to Buy.

5. Alpine Summit Energy Partners, Inc. (NASDAQ:ALPS)

YoY Revenue Growth for the Most Recent Reported Quarter: 245%

Monthly Dividend per Share: 3.15 cents

Alpine Summit Energy Partners, Inc. (NASDAQ:ALPS) is a Nashville, Tennessee-based energy developer and financial company that has its holdings in Austin Chalk and Eagle Ford formations in the Giddings Field near Austin, Texas.

Alpine Summit Energy Partners, Inc. (NASDAQ:ALPS) is focused on controlling selling, general, and administrative (SG&A) costs to improve the company’s operational efficiency. On February 23, the company announced that it was in the process of strategically reviewing its asset base because numerous oil and gas exploration and production (E&P) companies have made inquiries into buying various assets of the company. The company will make any decision, keeping in mind the aim of boosting shareholder returns and the long-term growth targets of the company. Alpine Summit Energy Partners, Inc. (NASDAQ:ALPS) offers a dividend yield of 18.53% as of February 28.

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

YoY Revenue Growth for the Most Recent Reported Quarter: 259%

Monthly Dividend per Share: 8 cents

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Vero Beach, Florida-based publicly listed REIT founded in 2008 that primarily invests in agency and non-agency-based residential mortgage-backed securities (RMBS). Agency-based RMBS are issued and guaranteed by government-sponsored Fannie Mae, Freddie Mac, or Ginnie Mae. Meanwhile, Non-agency RMBS are securities backed by mortgages that are not guaranteed by any government agency.

ARMOUR Residential REIT, Inc.’s (NYSE:ARR) dividend yield stands at 17.94% as of February 28. In Q4 2022, the company reported a net interest income of $11.6 million and a net interest margin of 2.59%, which increased by 38 basis points compared to the previous quarter. The company uses leverage to enhance returns on its portfolio and engages in interest rate hedging activities to manage interest rate risk. You can read ARMOUR Residential REIT, Inc.’s (NYSE:ARR) earnings call transcript for Q4 2022 here.

3. Permian Basin Royalty Trust (NYSE:PBT)

YoY Revenue Growth for the Most Recent Reported Quarter: 727%

Most Recent Monthly Dividend per Share: 4.13 cents

Permian Basin Royalty Trust (NYSE:PBT) is a Fort Worth, Texas-based publicly traded trust founded in 1980 that owns a net profit interest in oil and natural gas properties located in the Permian Basin, which is one of the largest oil-producing regions in the United States.

The trust owns overriding royalty interests in oil and gas production from properties located in West Texas and New Mexico. The trust’s royalty interests are based on a percentage of the gross proceeds from the sale of oil, gas, and other related products produced from the properties. As Trustee of the Permian Basin Royalty Trust, Argent Trust Corporation announced a cash payment of 4.13 cents per unit to the owners of its beneficial interest units, which is due on March 14 to unit holders of record on February 28. The increase in distribution this month over last month was mostly due to higher gas and oil production, which was partially offset by higher gas and lower oil prices for the Waddell Ranch and Texas Royalty Properties in December.

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

YoY Revenue Growth for the Most Recent Reported Quarter: 1,286%

Monthly Dividend per Share: 13 cents

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based REIT that invests in mortgage loans and securities on a leveraged basis.

In an update issued to investors on January 9, Douglas Harter at Credit Suisse upgraded Dynex Capital, Inc. (NYSE:DX) stock from a Neutral to an Outperform rating and also increased the target price from $13.50 to $15.50. The target price reflects a potential upside of 13.2% from the closing price as of February 28. The analyst believes the current environment is favorable for agency-focused mortgage REITs due to the wide range of spreads. On the other hand, the weakness in the housing industry is expected to keep the credit spreads squeezed, which makes Dynex Capital, Inc. (NYSE:DX) stock an attractive play.

1. Mesa Royalty Trust (NYSE:MTR)

YoY Revenue Growth for the Most Recent Reported Quarter: 3,449,242.9%

Monthly Dividend per Share: 15.82 cents

Mesa Royalty Trust (NYSE:MTR) is a Houston, Texas-based publicly traded royalty trust that was created in 1979 to own and collect royalties from oil and gas properties in the Hugoton natural gas fields located in Kansas, Oklahoma, and Texas.

The trust has a 90% net profits interest in the properties, which means that it receives 90% of the net proceeds from the production of oil and gas on the properties. The trust receives these payments monthly and distributes them to its shareholders, who are entitled to receive a share of the trust’s income based on the number of shares they own. Mesa Royalty Trust’s (NYSE:MTR) trailing annual dividend yield stands at 9.10% as of February 28.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at the 10 Best Stocks to Buy for Good Returns and the 15 Most Profitable Penny Stocks.