5 High-Yield Monthly Dividend Stocks to Buy in September

3. Broadmark Realty Capital Inc. (NYSE:BRMK)

Dividend Yield as of September 6: 13.48%

Broadmark Realty Capital Inc. (NYSE:BRMK) is an American specialty real estate finance company that provides financing solutions. The company has been paying consecutive dividends since its IPO in 2019. It currently pays a monthly dividend of $0.07 per share and has a yield of 13.48%, as recorded on September 6.

In Q2 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) closed on over $196 million of investments at an average yield of 10.0%. The company’s total revenue for the quarter came in at $28.5 million and its interest income stood at $22.1 million. In addition to this, it had $36 million available in cash and cash equivalents and $135 million in revolving credit facility.

In June, Piper Sandler highlighted the long-term investment opportunities offered by Broadmark Realty Capital Inc. (NYSE:BRMK) and initiated its coverage of the stock with a Neutral rating and a $7 price target.

At the end of Q2 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) was a part of 8 hedge fund portfolios, compared with 7 in the previous quarter, according to Insider Monkey’s data. The stakes owned by these funds hold a total value of over $40.8 million. Among these hedge funds, Farallon Capital was the company’s leading stakeholder in Q2.