5 Monthly Dividend Stocks with Over 5% Yield

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

Dividend Yield as of May 12: 14.88%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is an American real estate investment trust company, based in Florida. It is one of the best dividend stocks on our list as the company has never missed a dividend payment since 2010. The company’s monthly dividend currently comes in at $0.24 per share and it supports a dividend yield of 14.88%.

As of the close of Q4 2023, 6 hedge funds in Insider Monkey’s database held stakes in ARMOUR Residential REIT, Inc. (NYSE:ARR), compared with 7 in the previous quarter. These stakes are collectively worth nearly $20 million. Balyasny Asset Management owned the largest stake in the company in Q4.

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