5 Cheap Monthly Dividend Stocks to Buy

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In this article, we discuss 5 cheap monthly dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 13 Cheap Monthly Dividend Stocks to Buy

5. Ellington Financial Inc. (NYSE:EFC)

P/E Ratio (TTM): 11.66

Ellington Financial Inc. (NYSE:EFC) operates as a specialty finance company primarily engaged in investing in a diverse array of financial assets, including mortgage-related assets, consumer loans, and other structured financial products. On November 7, the company declared a monthly dividend of $0.15 per share, which was in line with its previous dividend. The company has a dividend yield of 13.91%, as of November 17.

At the end of Q2 2023, 6 hedge funds tracked by Insider Monkey reported having stakes in Ellington Financial Inc. (NYSE:EFC), up from 5 in the previous quarter. The consolidated value of these stakes is nearly $17 million.

Follow Ellington Financial Inc. (NYSE:EFC)

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