5 Monthly Dividend Stocks to Buy in May

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

Number of Hedge Fund Holders: 4

Dividend Yield (as of April 29): 9.61%

Dynex Capital, Inc. (NYSE:DX) ranks first on our list of monthly dividend stocks to buy in May 2022. The real estate investment trust invests primarily in mortgage-backed securities (MBS) that are backed by the United States government or a U.S. government-sponsored entity. As of April 29, it offers shareholders an impressive yield of 9.61%

JonesTrading analyst Jason Stewart on April 28 maintained a ‘Buy’ rating on the company shares, and revised the price target to $19 from $20. Stewart notes that the firm reported strong Q1 book value performance and will continue to increase its leverage through 2022. He reduced the price target owing to uncertainty in the macro environment, but notes that it still represents a 40% total return opportunity.

4 hedge funds were long Dynex Capital, Inc. (NYSE:DX) in Q4 2021, as compared to 7 hedge funds a quarter ago. Out of all the hedge funds tracked by Insider Monkey, Ken Griffin’s Citadel Investment Group was the top shareholder of the firm during the fourth quarter, with roughly 87,000 shares valued at $1.44 million.

You can also take a look at 10 Best Dividend Paying Stocks to Buy Under $50 and 15 Largest AI Companies in the World.

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