In this article, we will be looking at 5 high yield monthly dividend stocks to buy in August. To see our detailed analysis of these stocks and dividend investing, you can go directly to the 10 High Yield Monthly Dividend Stocks to Buy in August.
5. Oxford Square Capital Corp. (NASDAQ: OXSQ)
Number of Hedge Fund Holders: 5
Dividend Yield: 9%
Oxford Square Capital Corp. (NASDAQ: OXSQ), a business development company working as a closed-end, non-diversified management investment company, is next on our list of high yield monthly dividend stocks to buy in August and ranks 5th. The company focuses on secured and unsecured senior debt, subordinated debt, preferred stock, common stock, and other areas.
Ladenburg holds a Neutral rating on shares of Oxford Square Capital Corp. (NASDAQ: OXSQ). In the second quarter of 2021, Oxford Square Capital Corp. (NASDAQ: OXSQ) had an NII of $0.06, missing estimates by $0.05. The company’s TII was $7.84 million, also missing estimates by $1.96 million. Oxford Square Capital Corp. (NASDAQ: OXSQ) has gained 20.15% in the past 6 months and 48.11% year to date.
By the end of the first quarter of 2021, 5 hedge funds out of the 866 tracked by Insider Monkey held stakes in Oxford Square Capital Corp. (NASDAQ: OXSQ) worth roughly $4.03 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of approximately $3.33 million.
4. Ellington Financial Inc. (NYSE: EFC)
Number of Hedge Fund Holders: 6
Dividend Yield: 9%
Ellington Financial Inc. (NYSE: EFC) works with the acquisition and management of mortgage-related, consumer-related, corporate-related, and other financial assets primarily within America. The company ranks 4th on our list of high yield monthly dividend stocks to buy in August.
BTIG’s Eric Hagen reiterated a Buy rating on shares of Ellington Financial Inc. (NYSE: EFC) this May, while also raising his price target on the stock to $19 from the previous $18.50 target.
In the first quarter of 2021, Ellington Financial Inc. (NYSE: EFC) had an FFO of $0.43, higher than the previous quarter’s FFO of $0.37. The company’s revenue was $40.08 million, also surpassing the previous quarter’s $39.07 million revenue. Ellington Financial Inc. (NYSE: EFC) has gained 16.3% in the past 6 months and 25.62% year to date.
By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ellington Financial Inc. (NYSE: EFC) worth roughly $38.7 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $40.5 million.
3. AGNC Investment Corp. (NASDAQ: AGNC)
Number of Hedge Fund Holders: 18
Dividend Yield: 9.1%
AGNC Investment Corp. (NASDAQ: AGNC) is next on our list of high yield monthly dividend stocks to buy in August and ranks 3rd. The company is a REIT based in the US and invest in residential mortgage pass-through securities and collateralized mortgage obligations.
Piper Sandler currently holds an Overweight rating and an $18.50 price target on shares of AGNC Investment Corp. (NASDAQ: AGNC).
In the second quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.11. The company’s revenue was $232 million, missing estimates by $90.23 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained 4.09% year to date and 17.62% in the past year.
By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.
2. ARMOUR Residential REIT, Inc. (NYSE: ARR)
Number of Hedge Fund Holders: 9
Dividend Yield: 11.5%
ARMOUR Residential REIT, Inc. (NYSE: ARR), a company focusing on residential mortgage-backed securities in the US, ranks 2nd on our list of high yield monthly dividend stocks to buy in August. The company was founded in 2008 and is based in Florida.
B. Riley and Ladenburg analysts both hold Neutral ratings on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR), with B. Riley also holding an $11.50 price target on the stock.
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 revenue of $16.06 million. ARMOUR Residential REIT, Inc. (NYSE: ARR) has also gained 11.36% in the past year.
By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $22.2 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $23.5 million.
1. Orchid Island Capital, Inc. (NYSE: ORC)
Number of Hedge Fund Holders: 8
Dividend Yield: 16.3%
Orchid Island Capital, Inc. (NYSE: ORC) is next and last on our list of high yield monthly dividend stocks to buy in August, ranking 1st. The company is a speciality finance company focusing on residential mortgage-backing securities in the US.
Orchid Island Capital, Inc. (NYSE: ORC) has a Buy rating at Ladenburg. 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.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Orchid Island Capital, Inc. (NYSE: ORC) worth roughly $19.8 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $14.8 million.
You can also take a look at 10 Cheap Monthly Dividend Stocks to Buy Now and 10 Best Monthly Dividend Stocks with High Yields.
