5 High-Yield Monthly Dividend Stocks to Buy in September

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

Dividend Yield as of September 6: 17.02%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based capital management company that also provides investment advisory services to its consumers. In July, B. Riley maintained its Neutral rating on the stock with an $8 price target, highlighting the company’s book value which remained better than the industry’s average.

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been paying dividends consistently since 2010. It currently pays a monthly dividend of $0.10 per share and has a yield of 17.02%, as of September 6.

In Q2 2022, ARMOUR Residential REIT, Inc. (NYSE:ARR) reported a net interest income of $35 million and its book value per common share stood at $7.25. The company’s total cash at the end of the quarter stood at $573.7 million. Its total assets amounted to $8.8 billion.

As of the end of June 2022, 5 hedge funds tracked by Insider Monkey owned stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), up from 4 in the previous quarter. The collective value of these stakes is over $13.4 million.

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