5 Highest Yielding Dividend Stocks You Can Buy Today

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

Dividend Yield as of September 7: 19.67%

ARMOUR Residential REIT, Inc. (NYSE:ARR) tops our list of the best dividend stocks with high yields. The real estate investment trust company offers a monthly dividend of $0.08 per share and has a dividend yield of 19.67%, as of September 7. The company does not have any dividend growth streak but it has been making regular dividend payments to shareholders since 2010.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q2 2023, 5 hedge funds owned stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), up from 4 in the previous quarter. The consolidated value of these stakes is over $5.6 million.

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