5 Monthly Dividend Stocks with Over 5% Yield

In this article, we discuss 5 monthly dividend stocks with over 5% yield. If you want to see more stocks in this selection, check out 10 Monthly Dividend Stocks with Over 5% Yield. 

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

Dividend Yield as of February 3: 10.67%

Number of Hedge Fund Holders: 9

Dynex Capital, Inc. (NYSE:DX) was incorporated in 1987 and is headquartered in Glen Allen, Virginia. It is a mortgage real estate investment trust that invests in mortgage-backed securities (MBS) in the United States using leverage. The company invests in both agency and non-agency MBS, including residential MBS, commercial MBS, and CMBS interest-only securities. Dynex Capital, Inc. (NYSE:DX) paid a $0.13 per share monthly dividend to shareholders on February 1. The dividend yield on February 3 came in at 10.67%. It is one of the best monthly dividend stocks to invest in. 

On January 9, Credit Suisse analyst Douglas Harter upgraded Dynex Capital, Inc. (NYSE:DX) to Outperform from Neutral with a price target of $15.50, up from $13.50. The analyst believes the current economic environment is favorable for agency-focused mortgage REITs due to wide spreads and a downturn in housing that is likely to prevent credit spreads from tightening. He views Dynex Capital, Inc. (NYSE:DX) as the best option among agency-focused mREITs to benefit from potential tightening of MBS spreads.

According to Insider Monkey’s data, 9 hedge funds were bullish on Dynex Capital, Inc. (NYSE:DX) at the end of September 2022, compared to 13 funds in the prior quarter. Dmitry Balyasny’s Balyasny Asset Management is the largest stakeholder of the company, with 1.46 million shares worth $17 million. 

4. LTC Properties, Inc. (NYSE:LTC)

Dividend Yield as of February 3: 6.12%

Number of Hedge Fund Holders: 5

LTC Properties, Inc. (NYSE:LTC) invests primarily in senior housing and healthcare properties as a real estate investment trust, using methods such as sale-leasebacks, mortgage financing, joint ventures, and structured finance solutions including preferred equity and mezzanine lending. On January 3, LTC Properties, Inc. (NYSE:LTC) declared a $0.19 per share monthly dividend, in line with previous. The dividend was paid on January 31, and the next payment is due on February 28, to shareholders of record on February 17.

According to Insider Monkey’s data, 5 hedge funds were bullish on LTC Properties, Inc. (NYSE:LTC) at the end of September 2022, and Ken Griffin’s Citadel Investment Group held the leading position, with 182,129 shares worth $6.8 million.

3. SL Green Realty Corp. (NYSE:SLG)

Dividend Yield as of February 3: 7.77%

Number of Hedge Fund Holders: 23

SL Green Realty Corp. (NYSE:SLG) specializes in acquiring, managing, and maximizing the value of commercial properties located in Manhattan. It primarily invests in office buildings and shopping centers in New York City. On January 25, SL Green Realty Corp. (NYSE:SLG)’s Q4 2022 revenue of $224.87 million climbed 15.6% year-over-year, beating estimates by $30.13 million. As of December 31, 2022, the same-store office occupancy rate in Manhattan was 91.2%, including leases that had been signed but not yet started.

On January 30, Baird analyst David Rodgers raised the price target on SL Green Realty Corp. (NYSE:SLG) to $43 from $38 and kept a Neutral rating on the shares. He stated that the high pro-rata leverage of SL Green Realty Corp. (NYSE:SLG) has made him more wary compared to other stocks, but if the company raises the estimated $2.35 billion in 2023, the potential for loss is limited and potential gain is probable.

According to Insider Monkey’s data, 23 hedge funds were bullish on SL Green Realty Corp. (NYSE:SLG) at the end of Q3 2022, compared to 18 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the leading stakeholder of the company, with 1.30 million shares worth $52.4 million. 

2. EPR Properties (NYSE:EPR)

Dividend Yield as of February 3: 7.73%

Number of Hedge Fund Holders: 25

EPR Properties (NYSE:EPR) is a real estate investment trust that specializes in owning and financing select properties in the experiential sector, such as amusement parks, movie theaters, ski resorts, and other entertainment properties. On January 12, EPR Properties (NYSE:EPR) declared a $0.275 per share monthly dividend, in line with previous. The dividend is payable on February 15, to shareholders of record on January 31. It is one of the best dividend stocks to monitor. 

On January 11, Richard Milligan, an analyst at Raymond James, added EPR Properties (NYSE:EPR) to the firm’s Analyst Current Favorites list, but kept the Strong Buy rating and $45 price target unchanged. In a research note, the analyst expressed his belief that once the outcome of negotiations between Cineworld and EPR becomes clearer, the stock price will approach its net asset value.

According to Insider Monkey’s data, 25 hedge funds were long EPR Properties (NYSE:EPR) at the end of September 2022, compared to 22 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is the leading stakeholder of the company, with 1.25 million shares worth $44.8 million. 

1. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of February 3: 12.04%

Number of Hedge Fund Holders: 28

AGNC Investment Corp. (NASDAQ:AGNC) is a Maryland-based real estate investment trust that invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. On January 11, AGNC Investment Corp. (NASDAQ:AGNC) declared a $0.12 per share monthly dividend, in line with previous. The dividend is payable on February 9, to shareholders of record on January 31. It is one of the top dividend stocks to consider. 

On February 1, Maxim analyst Michael Diana raised the price target on AGNC Investment Corp. (NASDAQ:AGNC) to $12 from $9 and kept a Buy rating for the company’s shares following its positive fourth quarter results. In a research note, the analyst informed investors that AGNC Investment Corp. (NASDAQ:AGNC)’s tangible book value had risen by 8.4% at the end of the quarter and by an additional 10% since then. He also mentioned that AGNC’s management team is optimistic about the outlook for Agency RMBS in 2023.

According to Insider Monkey’s third quarter database, 28 hedge funds were long AGNC Investment Corp. (NASDAQ:AGNC), compared to 18 funds in the prior quarter. Israel Englander’s Millennium Management is a significant position holder in the company, with 3.4 million shares worth $29.3 million. 

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