In this article, we discuss 5 high-yield monthly dividend stocks to buy in September. If you want to read our detailed analysis of dividend stocks and their returns, go directly to read 10 High-Yield Monthly Dividend Stocks to Buy in September.
5. AGNC Investment Corp. (NASDAQ:AGNC)
Dividend Yield as of September 6: 12.23%
AGNC Investment Corp. (NASDAQ:AGNC) is a Maryland-based real estate investment trust company that invests in residential mortgage-backed securities. The stock was upgraded to Outperform by Keefe Bruyette in June with a $13.25 price target, up from $12.25. The firm presented a positive outlook on mortgage REITs.
On August 11, AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend of $0.12 per share, in line with its previous dividend. As of September 6, the stock’s dividend yield came in at 12.23%.
In Q2 2022, AGNC Investment Corp. (NASDAQ:AGNC) reported revenue of $315 million, which showed a 35.8% year-over-year growth. The company reported over $906 million in cash and cash equivalents with its total assets amounting to $61.2 million. It repurchased 4.1 million of its common shares during the quarter at a total price of $51 million.
The number of hedge funds tracked by Insider Monkey owning stakes in AGNC Investment Corp. (NASDAQ:AGNC) grew to 18 in Q2 2022, from 14 in the previous quarter. These stakes hold a collective value of over $192.4 million. With stakes worth over $51.4 million, Citadel Investment Group held the largest position in the company in Q2.
4. Ellington Financial Inc. (NYSE:EFC)
Dividend Yield as of September 6: 12.72%
Ellington Financial Inc. (NYSE:EFC) is a real estate credit company and a registered investment adviser that provides services in credit, mortgage, and related markets. As of the close of Q2 2022, 4 hedge funds in Insider Monkey’s database owned stakes in the company, down from 7 in the previous quarter. The combined value of these stakes is over $16 million.
Ellington Financial Inc. (NYSE:EFC) reported a 1% hike in its July book value at $16.32 per share. In Q2 2022, the company’s adjusted distributable earnings stood at $24.9 million or $0.41 per share. Its cash position remained strong during the quarter, reporting $224.5 million in cash and cash equivalents and $591.2 million in other assets. At the end of June 2022, the company paid $11.2 million in dividends, compared with $10.3 million during the same period last year.
Ellington Financial Inc. (NYSE:EFC) currently pays a monthly dividend of $0.15 per share. The stock’s 5-year average yield stands at 12.2%, coming through as one of the best high-yield monthly dividend stocks. As of September 6, the stock’s dividend yield stood at 12.72%.
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.
2. Orchid Island Capital, Inc. (NYSE:ORC)
Dividend Yield as of September 6: 14.88%
Another prominent high-yield monthly dividend stock, Orchid Island Capital, Inc. (NYSE:ORC) announced a 1-for-5 reverse stock split in August and a monthly dividend of $0.16 per share. The company’s shares have started to trade on a split-adjusted basis from August 31. As of September 6, the stock’s dividend yield stood at 14.88%. It has been paying uninterrupted dividends to shareholders since its IPO in 2013.
In Q2 2022, Orchid Island Capital, Inc. (NYSE:ORC) reported revenue of $66.2 million, up 26% from the same period last year. The company’s net interest income for the quarter came in at $27.1 million and its total expenses stood at $4.9 million. Its cash position also remained strong in Q2 as it reported $283.3 million in cash and cash equivalents and its total assets stood at over $4.4 billion.
As of the close of Q2 2022, 5 hedge funds in Insider Monkey’s database owned stakes in Orchid Island Capital, Inc. (NYSE:ORC), compared with 4 in the previous quarter. The collective value of these stakes is $536,000. Balyasny Asset Management owned the largest stake in the company, worth $277,000.
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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