5 Highest Paying Monthly Dividend Stocks

In this article, we discuss 16 highest paying monthly dividend stocks. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 16 Highest Paying Monthly Dividend Stocks. 

5. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of October 5: 16.26%

AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust company that invests in mortgage-backed securities and other financial assets. On September 13, the company announced a monthly dividend of $0.12 per share, which was in line with its previous dividend. It is one of the best dividend stocks on our list as the company has paid uninterrupted dividends to shareholders since 2008.

AGNC Investment Corp. (NASDAQ:AGNC) was a part of 18 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $102.4 million.

4. Ellington Residential Mortgage REIT (NYSE:EARN)

Dividend Yield as of October 5: 16.55%

An American real estate investment trust company, Ellington Residential Mortgage REIT (NYSE:EARN) currently pays a monthly dividend of $0.08 per share. The stock’s dividend yield on October 5 came in at 16.55%. It is among the best dividend stocks on our list with the highest yields.

At the end of Q2 2023, 6 hedge funds in Insider Monkey’s database reported having stakes in Ellington Residential Mortgage REIT (NYSE:EARN), which remained unchanged from its previous dividend. The collective value of these stakes is over $3 million.

3. Orchid Island Capital, Inc. (NYSE:ORC)

Dividend Yield as of October 5: 24.4%

Orchid Island Capital, Inc. (NYSE:ORC) is an American real estate investment trust company that mainly generates income for its shareholders through investments in real estate-related assets. On September 11, the company announced a monthly dividend of $0.16 per share, which fell in line with its previous dividend. With a dividend yield of 24.4%, ORC is one of the best dividend stocks on our list.

As of the close of Q2 2023, 7 hedge funds tracked by Insider Monkey reported having stakes in Orchid Island Capital, Inc. (NYSE:ORC), up from 6 in the previous quarter. The consolidated value of these stakes is over $3.07 million.

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

Dividend Yield as of October 5: 25.7%

An American real estate investment trust company, ARMOUR Residential REIT, Inc. (NYSE:ARR) is next on our list of the best dividend stocks. The company offers a monthly dividend of $0.08 per share and has a dividend yield of 25.7%, as of October 5. It has been rewarding shareholders with regular dividends since 2010.

As of the close of Q2 2023, 5 hedge funds owned stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), up from 4 in the previous quarter, as per Insider Monkey’s database. The total value of these stakes is over $5.6 million.

1. San Juan Basin Royalty Trust (NYSE:SJT)

Dividend Yield as of October 5: 26.60%

San Juan Basin Royalty Trust (NYSE:SJT) tops our list of the best dividend stocks with the highest dividend yields. The royalty trust currently offers a monthly dividend of $0.0538 per share and has a dividend yield of 26.60%, as of October 5.

San Juan Basin Royalty Trust (NYSE:SJT) was a part of 4 hedge fund portfolios at the end of Q2 2023, up from 3 in the previous quarter, according to Insider Monkey’s database. The total value of these stakes is roughly $2.2 million.

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