5 Best Monthly Dividend Stocks with High Yields

In this article, we will be looking at the 5 best monthly dividend stocks with high yields. If you want to see our detailed analysis of dividend investing and these companies, go directly to the 10 Best Monthly Dividend Stocks with High Yields.

5. Broadmark Realty Capital Inc. (NYSE: BRMK)

Number of Hedge Fund Holders: 12
Dividend Yield: 8.1%

Broadmark Realty Capital Inc. (NYSE: BRMK) is a company operating in the mortgage REITs industry, engaging in the underwriting, funding, servicing, and managing of a portfolio of short-term trust loans for the construction of residential or commercial properties in the US. The company ranks 5th on our list of the best monthly dividend stocks with high yields.

This April, B. Riley analyst Matt Howlett assumed coverage of Broadmark Realty Capital Inc. (NYSE: BRMK) shares with a Buy rating and a $12.50 price target. Howlett believes that REITs are set to benefit from strong fundamentals in the coming years, in light of thawing credit and steeper yield curves.

In the first quarter of 2021, Broadmark Realty Capital Inc. (NYSE: BRMK) had an FFO of $0.18, missing estimates by $0.02. The company’s revenue was $29.47 million, also missing estimates by $2.80 million. Broadmark Realty Capital Inc. (NYSE: BRMK) has gained 11.63% in the past year.

By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Broadmark Realty Capital Inc. (NYSE: BRMK) worth roughly $98.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $90.86 million.

White Brook Capital, an investment management firm, mentioned Broadmark Realty Capital Inc. (NYSE: BRMK) in its first-quarter 2020 investor letter. Here’s what they said:

“Broadmark Realty, Inc (BRMK), was sold because of competition for capital from new positions and other investments in the portfolio. The company will continue to do fine, but better short and long-term investment opportunities were available.”