5 Dividend Stocks with Over 8% Yield

4. Ellington Financial Inc. (NYSE:EFC)

Number of Hedge Fund Holders: 7

Dividend Yield: 13.5% as of June 2022

Ellington Financial Inc. (NYSE:EFC) is a mortgage real estate investment trust that acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the US.

This February, Ellington Financial Inc. (NYSE:EFC) announced its decision to acquire an additional 49.6% ownership interest in Longbridge Financial for about $75 million. The transaction will result in the company becoming the holder of the entirety of Longbridge’s equity, allowing Ellington Financial Inc. (NYSE:EFC) to benefit from Longbridge’s position as a leader in reverse mortgage lending.

Ellington Financial Inc. (NYSE:EFC) had seven hedge funds holding stakes in it in the first quarter, with a total stake value of $25.6 million. In comparison, seven hedge funds were long the stock in the previous quarter as well, with a total stake value of $39.6 million.