5 Best Dividend Stocks to Buy According to Billionaire Paul Tudor Jones

4. Armour Residential REIT, Inc. (NYSE: ARR)

Dividend Yield: 9.87%
Value: $323,000
Percent of Paul Tudor Jones’ 13F Portfolio: 0.0091%
No. of hedge Fund Holders: 13

Armour Residential REIT, Inc. (NYSE: ARR) is a REIT managed and owned by ARMOUR Residential Management LLC to invest in the U.S real estate market. It has a particular interest in government-guaranteed and mortgage-backed residential securities. The REIT has an impressive 9.73% yield. It ranks 4th in the list of best dividend stocks to buy according to billionaire Paul Tudor Jones.

The company was off to a rather rough start in 2021 as its latest financials indicate that its comprehensive income for Q1 dropped to $29.1 million compared to the $60 million comprehensive income reported in Q4 2020. Its core income in Q1 was 23 cents per share, a notable decline from 32 cents per share in the previous quarter.

Armour Residential REIT, Inc. (NYSE: ARR) latest dividend payout was $0.10 per share, consistent with the previous dividend payout. It also announced the waiving of $2.4 billion worth of management fees. The goal was to use the funds to cover its operating expenses.