In this article, we discuss 5 highest-yielding dividend stocks you can buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 15 Highest Yielding Dividend Stocks You Can Buy.
5. Annaly Capital Management, Inc. (NYSE:NLY)
Dividend Yield as of February 20: 16.30%
Annaly Capital Management, Inc. (NYSE:NLY) is one of America’s largest mortgage real estate investment trust companies. The REIT reinvests in asset-backed securities. In the fourth quarter of 2022, the company reported revenue of $135 million and had $80.6 billion in total assets. Its book value per common share for the quarter came in at $20.79.
On December 8, Annaly Capital Management, Inc. (NYSE:NLY) declared a quarterly dividend of $0.88 per share, which fell in line with its previous dividend. The stock has a dividend yield of 16.30%, as of February 20. It is among the highest-yielding dividend stocks on our list.
In January, Barclays raised its price target on Annaly Capital Management, Inc. (NYSE:NLY) to $24 with an Overweight rating on the shares. The firm presented a neutral stance on the consumer finance sector.
At the end of Q3 2022, 21 hedge funds in Insider Monkey’s database owned stakes in Annaly Capital Management, Inc. (NYSE:NLY), down from 24 in the previous quarter. The collective value of these stakes is over $320.1 million.
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4. ARMOUR Residential REIT, Inc. (NYSE:ARR)
Dividend Yield as of February 20: 16.35%
ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust company that invests in residential mortgage-backed securities. The company offers a monthly dividend of $0.08 per share and has a dividend yield of 16.35%, as of February 20.
ARMOUR Residential REIT, Inc. (NYSE:ARR), one of the highest-yielding dividend stocks, declared revenue of $16.5 million in Q4 2022. The company’s net interest income for the quarter came in at $11.6 million. Its distributable earnings available to common shareholders stood at $38.8 million.
As of the close of Q3 2022, 8 hedge funds tracked by Insider Monkey owned stakes in ARMOUR Residential REIT, Inc. (NASDAQ:ARR), up from 5 in the previous quarter. The collective value of these stakes is over $23.8 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q3.
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Follow Armour Residential Reit Inc. (NYSE:ARR)
3. Orchid Island Capital, Inc. (NYSE:ORC)
Dividend Yield as of February 20: 16.40%
Orchid Island Capital, Inc. (NYSE:ORC) is an American specialty finance company, based in Florida, US. The company mainly invests in residential mortgage-backed securities on a leveraged basis. For Q4 2022, the company estimated growth in its book value per share to $11.93, from $11.42 per share in the previous quarter. It also estimated an 8.7% total return on equity for the quarter.
Orchid Island Capital, Inc. (NYSE:ORC) is one of the best highest-yielding dividend stocks as the company offers monthly dividends to shareholders. The company pays a per-share dividend of $0.16 every month and has a dividend yield of 16.40%, as of February 20.
At the end of Q3 2022, 6 hedge funds tracked by Insider Monkey owned investments in Orchid Island Capital, Inc. (NYSE:ORC), compared with 5 in the previous quarter. These stakes have a total value of over $23.5 million. With nearly 1.5 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q3.
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Follow Orchid Island Capital Inc. (NYSE:ORC)
2. Genco Shipping & Trading Limited (NYSE:GNK)
Dividend Yield as of February 20: 17.28%
Genco Shipping & Trading Limited (NYSE:GNK) is one of the world’s largest dry bulk shipping companies. It provides full-service logistics solutions for the transportation of commodities around the world. The company is one of the best highest-yielding dividend stocks on our list as it has been making regular payments to its shareholders since the inception of its dividend policy in 2019. It currently pays a quarterly dividend of $0.78 per share and has a dividend yield of 17.28%, as of February 20.
In January, Fearnley upgraded Genco Shipping & Trading Limited (NYSE:GNK) to Buy with a $22 price target, up from $15. The firm highlighted the company’s consistent dividends and strong dividend yields.
As per Insider Monkey’s Q3 2022 database, 16 hedge funds owned stakes in Genco Shipping & Trading Limited (NYSE:GNK), the same as in the previous quarter. The collective value of these stakes is over $72.3 million. With over 2.6 million shares, Centerbridge Partners was the company’s leading stakeholder.
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1. Invesco Mortgage Capital Inc. (NYSE:IVR)
Dividend Yield as of February 20: 19.02%
Invesco Mortgage Capital Inc. (NYSE:IVR) is an American real estate investment trust company, based in Florida. The company manages residential and mortgage-backed securities and loans. The company currently pays a quarterly dividend of $0.65 per share and has a dividend yield of 19.02%, as of February 20.
At the end of September 2022, 10 hedge funds in Insider Monkey’s database owned stakes in Invesco Mortgage Capital Inc. (NYSE:IVR), up from 7 in the previous quarter. The collective value of these stakes is over $18.3 million.
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You can also take a look at 12 Stocks to Sell According to Motley Fool and 10 Best Annuity Companies in the US
