In this article, we discuss the best monthly dividend stocks to buy for 2022. If you want to read our detailed analysis of dividend stocks, go directly to read 10 Best Monthly Dividend Stocks to Buy for 2022.
5. Gladstone Commercial Corporation (NASDAQ:GOOD)
Number of Hedge Fund Holders: 8
Dividend Yield as of January 30: 6.53%
Gladstone Commercial Corporation (NASDAQ:GOOD), an equity real estate investment trust, surged 29.2% in the past year, as of the close of January. The stock is particularly famous among income-oriented investors as it offers a dividend yield of 6.53% on an annual dividend of $1.50 per share. Also, Gladstone Commercial Corporation (NASDAQ:GOOD) has never decreased or missed its dividend since its inception in 2003, which makes it one of the best monthly dividend stocks.
In Q3 2021, Gladstone Commercial Corporation (NASDAQ:GOOD) gained the attention of hedge funds in Insider Monkey’s database. 8 hedge funds were bullish on the company in Q3, up from 6 in the preceding quarter. These stakes hold a consolidated value of $49.8 million.
This November, Colliers Securities lifted its price target on Gladstone Commercial Corporation (NASDAQ:GOOD) to $26, while maintaining a Buy rating on the shares. In Q3, the company posted an EPS of $0.39, in line with the analysts’ consensus.
4. EPR Properties (NYSE:EPR)
Number of Hedge Fund Holders: 19
Dividend Yield as of January 30: 6.96%
EPR Properties (NYSE:EPR) is a real estate investment trust that mainly invests in amusement parks and related entertainment properties. Though the number of hedge funds having stakes in the company reduced in Q3, the analysts remained bullish on the stock as its fundamentals begin to improve post-pandemic. Recently, RBC Capital raised its price target on EPR Properties (NYSE:EPR) to $52, with a Sector Perform rating on the shares.
On January 13, EPR Properties (NYSE:EPR) announced a monthly dividend of $0.25 per share, with a dividend yield of 6.96%. During the third quarter of 2021, the company collected $11.3 million of deferred rent. Moreover, an FFO of $0.86, which beat consensus by $0.03, provided power to the company to revise its guidance upwards. EPR Properties (NYSE:EPR) now expects the full-year FFO in the range of $2.95-$3.01.
Arrowstreet Capital held the largest stake in EPR Properties (NYSE:EPR) in Q3, worth $53 million. Overall, 19 hedge funds were bullish on the company in Q3, with stakes valued at over $220 million. In the previous quarter, 20 hedge funds held stakes in EPR Properties (NYSE:EPR), valued at over $231 million.
3. Horizon Technology Finance Corporation (NASDAQ:HRZN)
Number of Hedge Fund Holders: 1
Dividend Yield as of January 30: 8.30%
Horizon Technology Finance Corporation (NASDAQ:HRZN) is a specialty finance company that mainly invests in developmental-stage companies in the tech, healthcare, and IT sectors. The company remains one of the best monthly dividend stocks due to its attractive yield of 8.30% and a special dividend of $0.05 per share, which the company announced in November, in addition to its monthly dividend of $0.10 per share.
In Q3, Horizon Technology Finance Corporation (NASDAQ:HRZN) reported revenue of $16.67 million, which beat estimates by $3.11 million and presented a 35.5% year-over-year growth. The company’s 12-month returns came in at 11.06%, as of January 30’s close.
At the end of Q3, Two Sigma Investors was the only shareholder of Horizon Technology Finance Corporation (NASDAQ:HRZN), owning a $2.5 million worth of stake.
2. AGNC Investment Corp. (NASDAQ:AGNC)
Number of Hedge Fund Holders: 16
Dividend Yield as of January 30: 9.76%
AGNC Investment Corp. (NASDAQ:AGNC) is an internally managed real estate investment trust that acquires mortgage-backed securities. This October, Barclays set a $17 price target on the stock, with an Equal Weight rating on the shares, maintaining its stance on the stock’s fair valuation.
Currently, AGNC Investment Corp. (NASDAQ:AGNC) pays a monthly dividend of $0.12 per share. The stock’s current dividend yield stands at 9.76%. In Q3, AGNC Investment Corp. (NASDAQ:AGNC) topped consensus, beating FFO estimates by $0.10 at $0.75. The company reported a net interest income of $279 million, which presented a decline of 7.6% from the prior-year quarter.
As per Insider Monkey’s data for Q3, 16 hedge funds held stakes in AGNC Investment Corp. (NASDAQ:AGNC), down from 19 in the previous quarter. The total value of these stakes is over $81.4 million. Of these hedge funds, Canyon Capital Advisors was the company’s largest shareholder in Q3, holding over 3.3 million shares.
1. Dynex Capital, Inc. (NYSE:DX)
Number of Hedge Fund Holders: 7
Dividend Yield as of January 30: 9.88%
Dynex Capital, Inc. (NYSE:DX), a real estate investment trust, has been paying dividends for the past 13 years. Currently, the company offers a monthly dividend of $0.13 per share, with a dividend yield of 9.88%.
At the end of Q3 2021, 7 hedge funds in Insider Monkey’s database held roughly $13 million worth of stake in Dynex Capital, Inc. (NYSE:DX). In the previous quarter, 9 hedge funds held stakes in the company, valued at $26.8 million.
In its Q3 earnings, Dynex Capital, Inc. (NYSE:DX) reported an adjusted net income of $27.7 million, presenting a 65.8% growth from the prior-year quarter. The company also posted an FFO of $0.54, versus the estimates of $0.48. Over the last two years, Dynex Capital, Inc. (NYSE:DX) has beaten FFO estimates 75% of the time. As of Q3, Marshall Wace LLP was the company’s largest shareholder, owning shares worth $5.1 million.
You can also take a look at 10 Cheap Monthly Dividend Stocks to Buy Now and 10 Best Monthly Dividend Stocks with High Yields
