5 Monthly Dividend Stocks to Buy in September

1. Broadmark Realty Capital Inc. (NYSE:BRMK)

Dividend Yield as of September 5: 13.48%

Broadmark Realty Capital Inc. (NYSE:BRMK) is a Washington-based specialty real estate finance company that generally provides financial solutions to its consumers. The stock was initiated with a Neutral at Piper Sandler this June and a $7 price target as the company shows long-term investment opportunities in this uncertain environment.

At the end of June 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) reported $36 million in cash and cash equivalents and a fully drawn $135 million in the credit facility. The company’s revenue for the quarter came in at over $28.5 million, of which $22.1 million represented its net income. It paid $9.3 million in dividends during the quarter.

Broadmark Realty Capital Inc. (NYSE:BRMK) currently pays a monthly dividend of $0.07 per share and has a yield of 13.48%, as of September 5.

At the end of Q2 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) was a part of 8 hedge fund portfolios, compared with 7 in the previous quarter, according to Insider Monkey’s data. The stakes owned by these funds hold a total value of over $40.8 million.

You can also take a look at 10 Best and Reliable High Dividend REITs to Buy Now and 10 Semiconductor Stocks that Pay Dividends

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