5 Best Monthly Dividend Stocks with High Yields

4. Dynex Capital, Inc. (NYSE: DX)

Number of Hedge Fund Holders: 10
Dividend Yield: 8.63%

Dynex Capital, Inc. (NYSE: DX) is a mortgage REIT that invests in mortgage-backed securities on a leveraged basis in the US. It ranks 4th on our list of the best monthly dividend stocks with high yields.

This April, Byron Boston, the CEO of Dynex Capital, Inc. (NYSE: DX), while commenting on the company’s Q1 reports, mentioned that the company generated about 7.2% in economic return for its common shareholders in the first quarter, and about 34.8% in the last four quarters. Boston also mentioned that Dynex Capital, Inc. (NYSE: DX) also raised $128 million in common equity through two public offerings during the first quarter, while also growing its book value.

In the first quarter of 2021, Dynex Capital, Inc. (NYSE: DX) had an FFO of $0.46, in line with estimates, but its revenue of $12.26 million missed estimates by $5.14 million. Dynex Capital, Inc. (NYSE: DX) has also gained about 0.06% in the past 6 months and 2.84% year to date.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Dynex Capital, Inc. (NYSE: DX) worth roughly $23.6 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $15.07 million.