5 High-Yield Monthly Dividend Stocks to Buy in November

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

Number of Hedge Fund Holders: 13

Dividend Yield: 11.31%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a mortgage REIT, ranking second on our list of high-yield monthly dividend stocks to buy in November. The company is based in Vero Beach, Florida.

As of this November, JonesTrading holds a Hold rating on shares of ARMOUR Residential REIT, Inc. (NYSE:ARR).

Third quarter results for ARMOUR Residential REIT, Inc. (NYSE:ARR) showed an FFO of $0.25, beating the previous quarter’s value of $0.21. The company’s revenue was $20.42 million, also beating the previous quarter’s revenue by $16.70 million. ARMOUR Residential REIT, Inc. (NYSE:ARR) has also gained 1.3% year to date and 9.81% in the past year.

Insider Monkey’s data on 873 hedge funds shows that in the second quarter of 2021, 13 hedge funds held stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR) worth about $32 million. In comparison, nine hedge funds held stakes in the company in the previous quarter, worth $22 million.