5 High-Yield Monthly Dividend Stocks for August

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

Dividend Yield as of August 2: 15.56%

A Florida-based real estate investment trust company, ARMOUR Residential REIT, Inc. (NYSE:ARR) reported strong financial health in Q1 2022. The company had nearly $317 million available in cash and had total assets worth over $8.7 billion. In addition to this, its cash and unencumbered securities exceeded $646.2 million during the quarter.

Though ARMOUR Residential REIT, Inc. (NYSE:ARR) has cut its dividend several times, the company maintained an 11-year track record of consistent dividend payments. It currently pays a monthly dividend of $0.10 per share and its dividend yield came in at 15.56%, as of August 2.

According to Insider Monkey’s data, 4 hedge funds owned roughly $6 million worth of stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR) in Q1 2022. In the previous quarter, 6 hedge funds owned stakes in the company, valued at over $11.3 million.