5 Monthly Dividend Stocks with Over 5% Yield

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

Dividend Yield as of July 8: 16.71%

A Florida-based real estate investment trust, ARMOUR Residential REIT, Inc. (NYSE:ARR) has been making dividend payments consecutively for the past 11 years. The company does not have a stable dividend growth history and the last raise was in June 2020. ARMOUR Residential REIT, Inc. (NYSE:ARR) currently offers a monthly dividend of $0.10 per share, with a yield of 16.71%, which is well above the industry average.

In May, Barclays highlighted the declining book value of ARMOUR Residential REIT, Inc. (NYSE:ARR) and rising interest rates. In view of this, the firm lowered its price target on the stock to $6 with an Underweight rating on the shares.

At the end of Q1 2022, 4 hedge funds held nearly $6 million worth of investments in ARMOUR Residential REIT, Inc. (NYSE:ARR), as per Insider Monkey’s data. In comparison, 6 hedge funds owned stakes in the company in the previous quarter, valued at over $11.3 million.

You can also take a look at Top Stock Picks of Michael Burry and 10 Low Beta Dividend Stocks with High Yields

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