5 Monthly Dividend Stocks With Over 5% Yield

2. Ellington Financial Inc. (NYSE:EFC

Number of Hedge Fund Holders: 7

Dividend Yield: 9.68%

Ellington Financial Inc. (NYSE:EFC) is one of the highest-yielding monthly dividend stocks to buy, with a dividend yield of 9.68%. Ellington Financial Inc. (NYSE:EFC) is a financial investment company with a diversified portfolio consisting of residential and commercial mortgage-backed securities, mortgage loans, consumer loans, collateralized loan obligations, non-mortgage, and mortgage-related derivatives, and equity investments in loan origination companies, among other investment vehicles.