5 Monthly Dividend Stocks with Highest Yields

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

Dividend Yield as of September 14: 17.62%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust that invests in residential mortgage-backed securities. On September 13, the company declared a monthly dividend of $0.10 per share and has a yield of 17.62%, as of September 14.

In July, B. Riley reiterated its Neutral rating on ARMOUR Residential REIT, Inc. (NYSE:ARR) with an $8 price target, as the company expects the sector’s book value to remain better than overall industry performance.

At the end of June 2022, 5 hedge funds tracked by Insider Monkey owned stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), compared with 4 in the previous quarter. These stakes hold a collective value of over $13.4 million, up from $6 million worth of stakes owned by hedge funds in the preceding quarter.

You can also take a look at 10 Best Blue Chip Dividend Stocks to Invest In and Bill Gates Portfolio: Top 10 Dividend Stock Picks

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