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 read our detailed analysis of some of the best dividend stocks and their past performance, go directly to read 12 Monthly Dividend Stocks with Over 5% Yield. 

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

Dividend Yield as of May 12: 12.59%

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based real estate investment trust company that invests in mortgage-backed securities and other real estate assets. On May 10, the company declared a monthly dividend of $0.13 per share, which remained consistent with its previous dividend. The stock has a dividend yield of 12.59%, as of May 12.

At the end of December 2023, 6 hedge funds tracked by Insider Monkey held stakes in Dynex Capital, Inc. (NYSE:DX), compared with 10 in the previous quarter. These stakes are worth over $19.3 million in total.

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.

3. Prospect Capital Corporation (NASDAQ:PSEC)

Dividend Yield as of May 12: 13.16%

An American business development company, Prospect Capital Corporation (NASDAQ:PSEC) is next on our list of the best dividend stocks with monthly payouts. The company offers debt and equity financing to middle-market companies across the country. It currently pays $0.06 per share in monthly dividends and has a dividend yield of 13.16%, as of May 12.

The number of hedge funds tracked by Insider Monkey owning stakes in Prospect Capital Corporation (NASDAQ:PSEC) grew to 12 in Q4 2023, from 9 in the previous quarter. These stakes are valued at over $14.3 million in total.

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.

1. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of May 12: 14.91%

AGNC Investment Corp. (NASDAQ:AGNC) tops our list of the best dividend stocks with monthly payouts. The real estate investment trust company started its dividend policy in 2008 and has never missed a dividend payment since then. Currently, it pays a monthly dividend of $0.12 per share and has a dividend yield of nearly 15%, as recorded on May 12.

According to Insider Monkey’s database of Q4 2023, 14 hedge funds held stakes in AGNC Investment Corp. (NASDAQ:AGNC), down from 18 in the previous quarter. These stakes have a total value of more than $43.4 million. Among these hedge funds, Holocene Advisors was the company’s leading stakeholder in Q4.

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