5 Best Dividend Stocks on Robinhood

1. MFA Financial, Inc. (NYSE:MFA)

Number of Hedge Fund Holders: 16
Dividend Yield as of June 6: 12.68%

MFA Financial, Inc. (NYSE:MFA), an American real estate investment trust, topped consensus in its first-quarter 2022 results. The company posted an EPS of $0.62, exceeding expectations by $0.23. The net interest income for the quarter stood at $63.05 million, presenting a 23.7% year-over-year growth.

MFA Financial, Inc. (NYSE:MFA) pays a quarterly dividend of $0.11 per share, with a dividend yield of 12.68%, as of the close of June 6. The company has been paying dividends for the past 22 years but suspended the payouts several times during this period. In April, JMP Securities lowered its price target on MFA Financial, Inc. (NYSE:MFA)  to $18, but kept an Overweight rating on the shares, expressing concerns about the rising interest rates and geopolitical instability.

At the end of March 2022, 16 hedge funds tracked by Insider Monkey were bullish on MFA Financial, Inc. (NYSE:MFA), up from 15 in the previous quarter. The consolidated value of these stakes is $105.3 million. Millennium Management was one of the company’s leading shareholders in Q1 2022, owning stakes worth roughly $13.6 million.

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