5 Monthly Dividend Stocks with Over 5% Yield

4. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of May 12: 13.11%

Ellington Financial Inc. (NYSE:EFC) is an American specialty finance company that provides expertise in diversified credit, mortgage, and real estate markets. The company has been making regular dividend payments to shareholders since 2010, which makes it one of the best dividend stocks with monthly dividends. It currently offers a monthly dividend of $0.13 per share and has a dividend yield of 13.11%, as of May 12.

According to Insider Monkey’s database, 5 hedge funds owned stakes in Ellington Financial Inc. (NYSE:EFC) in Q4 2023, down from 9 in the previous quarter. These stakes have a collective value of over $23.5 million. Among these hedge funds, Ellington was the company’s leading stakeholder in Q4.

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