5 Highest Yielding Dividend Stocks You Can Buy Right Now

In this article, we discuss 5 highest yielding dividend stocks you can buy right now. If you want to read our detailed analysis of high-dividend stocks and their previous performance, go directly to read 12 Highest Yielding Dividend Stocks You Can Buy Right Now. 

5. Dynex Capital, Inc. (NYSE:DX)

Dividend Yield as of April 15: 13.43%

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based real estate investment trust company that invests in mortgage loans and securities on a leveraged basis. The company offers a monthly dividend of $0.13 per share and has a dividend yield of 13.43%, as of April 15. It is one of the best dividend stocks on our list as the company has been making regular dividend payments to shareholders since 2008.

As per Insider Monkey’s database of Q4 2023, 6 hedge funds held stakes in Dynex Capital, Inc. (NYSE:DX), compared with 10 in the previous quarter. The consolidated value of these stakes is over $19.3 million. Ken Griffin’s Citadel Investment Group was the company’s leading stakeholder in Q4.

4. Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Dividend Yield as of April 15: 13.57%

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is an American real estate investment trust company that mainly invests in commercial real estate loans. The company was a part of 14 hedge fund portfolios at the end of Q4 2023, growing from 9 in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a total value of over $63.6 million.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT), one of the best dividend stocks on our list, has paid regular dividends to shareholders since 2012. It currently offers a quarterly dividend of $0.62 per share and has a dividend yield of 13.57%, as recorded on April 15.

3. Arbor Realty Trust, Inc. (NYSE:ABR)

Dividend Yield as of April 15: 14.12%

Arbor Realty Trust, Inc. (NYSE:ABR) is next on our list of the best dividend stocks with high yields. The American real estate investment trust company has been growing its dividends for the past 11 consecutive years. It currently offers a quarterly dividend of $0.43 per share and has a dividend yield of 14.12%, as of April 15.

The number of hedge funds holding stakes in Arbor Realty Trust, Inc. (NYSE:ABR) grew to 17 in Q4 2023, from 13 in the previous quarter, as per Insider Monkey’s database. These stakes are collectively valued at over $91 million. With over 2.3 million shares, Omega Advisors was the company’s leading stakeholder in Q4.

2. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of April 15: 15.77%

An American real estate investment trust company, AGNC Investment Corp. (NASDAQ:AGNC) initiated its dividend policy in 2008 and has paid regular dividends since then. On April 10, the company declared a monthly dividend of $0.12 per share, which fell in line with its previous dividend. With a dividend yield of 15.77%, AGNC is one of the best dividend stocks on our list.

At the end of December 2023, 14 hedge funds in Insider Monkey’s database held stakes in AGNC Investment Corp. (NASDAQ:AGNC), compared with 18 in the previous quarter. These stakes have a total value of over $43.4 million.

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

Dividend Yield as of April 15: 16.16%

ARMOUR Residential REIT, Inc. (NYSE:ARR) tops our list of the best dividend stocks with high yields. The real estate investment trust company has been making regular dividend payments to shareholders since 2010 and currently pays a monthly dividend of $0.25 per share. As of April 15, the stock offers a monthly dividend of 16.16%.

As of the close of Q4 2023, 6 hedge funds in Insider Monkey’s database held stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), compared with 7 in the preceding quarter. The collective value of these stakes is roughly $20 million.

You can also take a look at 10 Unstoppable Stocks That Will Make You Richer and 11 Best Value Penny Stocks To Invest In Now