In this article, we discuss the 5 monthly dividend stocks with over 5% yield. If you want our detailed analysis of these stocks, go directly to the 10 Monthly Dividend Stocks With Over 5% Yield.
5. Prospect Capital Corporation (NASDAQ:PSEC)
Number of Hedge Fund Holders: 11
Dividend Yield: 8.60%
Prospect Capital Corporation (NASDAQ: PSEC) is a financial services company, specializing in middle-market privately held companies, senior and secured loans, syndicated loans, and high yield bonds. Prospect Capital Corporation (NASDAQ: PSEC) primarily lends to private companies who need capital for acquisitions, divestitures, growth, development, and recapitalizations. Prospect Capital Corporation (NASDAQ: PSEC) is one of the top monthly dividend stocks to invest in.
At the end of June, 11 hedge funds in Insider Monkey’s database were long Prospect Capital Corporation (NASDAQ: PSEC), up from 7 in Q1. Prospect Capital Corporation (NASDAQ: PSEC) reported net interest income for Q2 on August 24, beating estimates by $0.02 at $0.19.
4. AGNC Investment Corp. (NASDAQ:AGNC)
Number of Hedge Fund Holders: 19
Dividend Yield: 8.71%
AGNC Investment Corp. (NASDAQ: AGNC) is an American REIT that invests in residential mortgage pass-through securities and collateralized mortgage obligations, where the principal and interest payments for these securities are issued or guaranteed by the US government-sponsored entities.
By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey were long AGNC Investment Corp. (NASDAQ: AGNC), with stakes worth roughly $151 million. This is compared to 18 hedge funds in the previous quarter, with a total stake value of almost $167 million.
3. Dynex Capital, Inc. (NYSE:DX)
Number of Hedge Fund Holders: 9
Dividend Yield: 8.78%
Dynex Capital, Inc. (NYSE: DX) is a real estate investment trust (REIT) from Virginia, United States. The company manages a diversified, high-quality, leveraged fixed-income portfolio. Dynex Capital, Inc. (NYSE: DX)’s subsidiaries include Issued Holdings Capital Corporation, and it is one of the top monthly dividend stocks, with a yield of 8.78%.
By the end of the second quarter of 2021, 9 hedge funds out of the 873 tracked by Insider Monkey held stakes in Dynex Capital, Inc. (NYSE: DX), worth $27 million, up from 8 in the previous quarter, with stakes valued at $24 million.
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.
1. ARMOUR Residential REIT, Inc. (NYSE:ARR)
Number of Hedge Fund Holders: 13
Dividend Yield: 11.17%
ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland-based mortgage REIT that invests in mortgage-backed securities (MBS) in the United States. These securities are guaranteed or issued by a US government-sponsored agency, such as Fannie Mae, Freddie Mac, and Ginnie Mae. ARMOUR Residential REIT, Inc. (NYSE: ARR) ranks first on our list of the best stocks that pay monthly dividends with over 5% yield, with a dividend yield of 11.17%.
At the end of June, 13 hedge funds in Insider Monkey’s exclusive database were bullish on ARMOUR Residential REIT, Inc. (NYSE: ARR), up from 9 in the previous quarter.
You can also take a look at 10 Best Oil Stocks To Buy According To Hedge Funds and 11 Best Growth Stocks To Buy According To Hedge Funds.
