5 Cheap High Dividend Stocks to Buy Right Now

4. Western Asset Mortgage Capital Corp (NYSE:WMC)

Number of Hedge Fund Holders: 12

Dividend Yield: 9.7%

Share Price as of November 8th: $2.48

Western Asset Mortgage Capital Corp (NYSE:WMC), a US-based REIT, acquires, invest in, finances, and manages agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, alongside other investments. The company, with a dividend yield of over 9% and a share price of under $5 is among the best cheap high dividend stocks to buy right now.

The third-quarter earnings report for Western Asset Mortgage Capital Corp (NYSE:WMC) shows an FFO of $0.06, beating estimates by $0.01. The company’s revenue was $7.16 million, beating estimates by $0.26 million. Western Asset Mortgage Capital Corp (NYSE:WMC) has also gained about 9.47% in the past year.

As of the second quarter of 2021, 12 hedge funds held stakes in Western Asset Mortgage Capital Corp (NYSE:WMC) worth $14.9 million. In the previous quarter, eight hedge funds held stakes in the company worth $15 million.