5 Monthly Dividend Stocks with Highest Yields

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

Dividend Yield as of September 14: 13.24%

Broadmark Realty Capital Inc. (NYSE:BRMK) is a Washington-based specialty real estate finance company that also provides financial services to its consumers. The company has been raising its dividends consistently for the past three years. It pays a monthly dividend of $0.07 per share, with a dividend yield of 13.24%, as of September 14.

Broadmark Realty Capital Inc. (NYSE:BRMK) reported a strong cash position in Q2 2022 as it had over $36 million available in cash and cash equivalents and a fully undrawn $135 million in revolving credit facility. The company’s total assets amounted to over $1.25 billion. Its revenue for the quarter came in at $28.5 million.

In August, Piper Sandler maintained its Underweight rating on Broadmark Realty Capital Inc. (NYSE:BRMK) with a $7 price target, highlighting the company’s dividend policy and its distributable earnings.

As of the close of Q2 2022, 8 hedge funds tracked by Insider Monkey owned stakes in Broadmark Realty Capital Inc. (NYSE:BRMK), up from 7 in the previous quarter. The stakes owned by these funds hold a collective value of over $40.8 million. Farallon Capital was the company’s leading stakeholder in Q2.