In this article, we will be taking a look at 5 high-yield monthly dividend stocks to buy in November. To read our detailed analysis of dividend investing, you can go directly to see the 10 High-Yield Monthly Dividend Stocks to Buy in November.
5. Ellington Financial Inc. (NYSE:EFC)
Number of Hedge Fund Holders: 7
Dividend Yield: 9.8%
Ellington Financial Inc. (NYSE:EFC) operates through its subsidiary company Ellington Financial Operating Partnership LLC to acquire and manage mortgage-related, consumer-related, corporate-related, and other financial assets in the US. The company ranks fifth on our list of high-yield monthly dividend stocks to buy in November.
In May, BTIG’s Eric Hagen reiterated a Buy rating on Ellington Financial Inc. (NYSE:EFC) shares. The analyst also raised the price target on the stock to $19.
In the second quarter of 2021, Ellington Financial Inc. (NYSE:EFC) reported an FFO of $0.51, beating estimates by $0.05. The company’s revenue was $45.89 million, up 16.82% year over year and beating the previous quarter’s revenue of $40.08 million. The stock has also gained 2.63% in the past 6 months and 25.82% year to date.
According to our data at Insider Monkey, in the second quarter, seven out of 873 hedge funds held stakes in Ellington Financial Inc. (NYSE:EFC) worth about $45.1 million. Comparatively, in the previous quarter, six hedge funds held stakes in the company worth $39 million, roughly.
4. American Finance Trust, Inc. (NASDAQ:AFIN)
Number of Hedge Fund Holders: 13
Dividend Yield: 9.9%
American Finance Trust, Inc. (NASDAQ:AFIN), a retail REIT listed on the Nasdaq, is next on our list of high-yield monthly dividend stocks to buy in November. The company ranks fourth and manages a diversified portfolio of primarily service-oriented and traditional retail and distribution-oriented commercial properties in the US.
Colliers analyst Barry Oxford holds a Neutral rating on shares of American Finance Trust, Inc. (NASDAQ:AFIN) as of this June, alongside a $10 price target.
The second quarter earnings report for American Finance Trust, Inc. (NASDAQ:AFIN) showed an FFO of $0.23, in line with estimates, and a revenue of $81.58 million, beating estimates by $0.78 million. The revenue was also up 8.87% year over year. American Finance Trust, Inc. (NASDAQ:AFIN) has also gained 14.59% year to date and 45.58% in the past year.
In the second quarter of 2021, 13 hedge funds out of 873 held stakes in American Finance Trust, Inc. (NASDAQ:AFIN) worth $25.2 million. In comparison, seven hedge funds held stakes in the company worth $12 million in the previous quarter.
3. Oxford Square Capital Corp. (NASDAQ:OXSQ)
Number of Hedge Fund Holders: 3
Dividend Yield: 10%
Oxford Square Capital Corp. (NASDAQ:OXSQ), another business development company on our list of high-yield monthly dividend stocks to buy in November, is a closed-end, non-diversified management investment company. It ranks third on our list.
As of this May, Ladenburg analysts hold a Neutral rating on shares of Oxford Square Capital Corp. (NASDAQ:OXSQ).
For the third quarter of 2021, Oxford Square Capital Corp. (NASDAQ:OXSQ) reported an NII of $0.08, beating the previous quarter’s NII of $0.06. The company’s TII was $9.80 million, up 19.12% year over year and beating the previous quarter’s TII of $7.84 million. Oxford Square Capital Corp. (NASDAQ:OXSQ) has also gained 33.33% year to date and 66.27% in the past year.
Three hedge funds out of 873 held stakes in Oxford Square Capital Corp. (NASDAQ:OXSQ) in the second quarter of 2021, worth $5.8 million. The previous quarter, five hedge funds held stakes in the company worth $4.02 million.
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.
1. Orchid Island Capital, Inc. (NYSE:ORC)
Number of Hedge Fund Holders: 9
Dividend Yield: 15.52%
Orchid Island Capital, Inc. (NYSE:ORC), a speciality finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company ranks first on our list of high-yield monthly dividend stocks to buy in November.
JonesTrading analyst Jason Stewart upgraded shares of Orchid Island Capital, Inc. (NYSE:ORC) this September to Hold.
The earnings report released by Orchid Island Capital, Inc. (NYSE:ORC) in the third quarter of 2021 showed an FFO of $0.22. The company’s revenue was $32.60 million, up 29.46% year over year and beating estimates by $3.70 million.
Orchid Island Capital, Inc. (NYSE:ORC), in the second quarter, had nine hedge funds holding stakes in it worth $17 million. In comparison, eight hedge funds held stakes in the company in the previous quarter worth $20 million, roughly.
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