In this article, we will be looking at the 5 cheap monthly dividend stocks to buy now. If you want to see our detailed analysis of dividend investing and these companies, go directly to the 10 Cheap Monthly Dividend Stocks to Buy Now.
5. Orchid Island Capital, Inc. (NYSE: ORC)
Number of Hedge Fund Holders: 8
Dividend Yield: 15.5%
Orchid Island Capital, Inc. (NYSE: ORC) is a specialty finance company and it ranks 5th on our list of cheap monthly dividend stocks to buy now. The company invests in residential mortgage-backed securities, backed by single-family residential mortgage loans, or Agency RMBS.
Orchid Island Capital, Inc. (NYSE: ORC) mentioned this April that its total return on equity in the first quarter was estimated to be about 6%, while its book value per share was $4.94 as of March 31st.
In the first quarter of 2021, Orchid Island Capital, Inc. (NYSE: ORC) had an FFO of $0.25, missing estimates by $0.02. The company’s revenue was $24.91 million, up 30.12%% year over year and beating estimates by $3.33 million. Orchid Island Capital, Inc. (NYSE: ORC) has also gained 1.41% in the past year.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Orchid Island Capital, Inc. (NYSE: ORC) worth roughly $19.8 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $14.7 million.
4. Itaú Unibanco Holding S.A. (NYSE: ITUB)
Number of Hedge Fund Holders: 12
Dividend Yield: 1.5%
Itaú Unibanco Holding S.A. (NYSE: ITUB) is a Brazilian company providing financial services and products in Brazil and internationally through its Retail Banking, Wholesale Banking, and Activities with the Market + Corporation segments. It ranks 4th on our list of cheap monthly dividend stocks to buy now.
This July, Itaú Unibanco Holding S.A. (NYSE: ITUB), along with three other partners, set up Project Carbon in an international effort, which strives to achieve a net-zero carbon offsets goal. In February, Itaú Unibanco Holding S.A. (NYSE: ITUB) also announced that it expects the growth of its total consolidated credit portfolio to be about 5.5-9.5% in 2021.
In the first quarter of 2021, Itaú Unibanco Holding S.A. (NYSE: ITUB) had an EPS of $0.12, beating estimates by $0.01. The company’s revenue was $5.22 billion, also beating estimates by $114.21 million. Itaú Unibanco Holding S.A. (NYSE: ITUB) has gained about 10.81% in the past year as well.
By the end of the first quarter of 2021, 13 hedge funds out of the 866 tracked by Insider Monkey held stakes in Itaú Unibanco Holding S.A. (NYSE: ITUB) worth roughly $180 million. This is compared to 19 hedge funds in the previous quarter with a total stake value of about $451 million.
3. Broadmark Realty Capital Inc. (NYSE: BRMK)
Number of Hedge Fund Holders: 12
Dividend Yield: 7.9%
Broadmark Realty Capital Inc. (NYSE: BRMK) underwrites, funds, services, and manages a portfolio of short-term trust loans for residential or commercial properties in the US. Alongside this, the company also provides short-term and first deed of trust loans to fund that construction, development, and investment in the same properties. It ranks 3rd on our list of cheap monthly dividend stocks to buy now.
As of this April, JMP Securities has a Market Perform rating on Broadmark Realty Capital Inc. (NYSE: BRMK) shares, while B. Riley has a Buy rating with a $12.50 price target on the company’s shares.
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 12.78% 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.”
2. AGNC Investment Corp. (NASDAQ: AGNC)
Number of Hedge Fund Holders: 18
Dividend Yield: 8.91%
AGNC Investment Corp. (NASDAQ: AGNC) is a real estate investment trust based in the US. It invests in residential mortgage pass-through securities and collateralized mortgage obligations, funding investments through collateralized borrowings structured as repurchased agreements. It ranks 2nd on our list of cheap monthly dividend stocks to buy now.
Piper Sandler holds an Overweight rating on AGNC Investment Corp. (NASDAQ: AGNC), with an $18.50 price target as of this June.
In the first quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.13. The company’s revenue was $528 million, up 712.31% year over year and beating estimates by $244.78 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained about 2.15% in the past 6 months and 4.81% year to date.
By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.
1. Banco Bradesco S.A. (NYSE: BBD)
Number of Hedge Fund Holders: 19
Dividend Yield: 4%
Banco Bradesco S.A. (NYSE: BBD) is a Brazilian company operating in the Diversified Banks industry to provide a range of banking products and services to individuals, corporate, and businesses in Brazil and internationally. It ranks 1st on our list of cheap monthly dividend stocks to buy now.
As of this July, Scotiabank has a Sector Perform rating on Banco Bradesco S.A. (NYSE: BBD) shares.
In the first quarter of 2021, Banco Bradesco S.A. (NYSE: BBD) had an EPS of $0.13, beating estimates by $0.01. The company’s revenue was $4.93 billion, up 4.29% year over year but missing estimates by $83.81 million. Banco Bradesco S.A. (NYSE: BBD) has gained 5.11% in the past 6 months and 3.05% year to date as well.
By the end of the first quarter of 2021, 19 hedge funds out of the 866 tracked by Insider Monkey held stakes in Banco Bradesco S.A. (NYSE: BBD) worth roughly $186 million. This is compared to 17 hedge funds in the previous quarter with a total stake value of about $407 million.
You can also take a peek at 10 Best High Yield Dividend Stocks To Buy and 15 Fastest Growing Dividend Stocks.
