In this article, we will be taking a look at 5 dividend stocks with over 8% yield. To read our detailed analysis of dividend stocks and income investing, you can go directly to see the 10 Dividend Stocks With Over 8% Yield.
5. Broadmark Realty Capital Inc. (NYSE:BRMK)
Number of Hedge Fund Holders: 7
Dividend Yield: 12.9% as of June 2022
Broadmark Realty Capital Inc. (NYSE:BRMK) is a commercial real estate finance company operating in the US. The company underwrites, funds, services, and manages a portfolio of short-term trust loans for the development of residential and commercial properties.
This March, analyst Timothy Hayes reiterated a Neutral rating on shares of Broadmark Realty Capital Inc. (NYSE:BRMK).
Out of 912 hedge funds, seven hedge funds were long Broadmark Realty Capital Inc. (NYSE:BRMK) in the first quarter of 2022. Their total stake value was $50.1 million.
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.
3. AGNC Investment Corp. (NASDAQ:AGNC)
Number of Hedge Fund Holders: 14
Dividend Yield: 13.8% as of June 2022
AGNC Investment Corp. (NASDAQ:AGNC) is yet another real estate investment trust on our list of dividend stocks with over 8% yield. The company focuses its investments on residential mortgage pass-through securities and collateralized mortgage obligations. It was founded in 2008 and is based in Maryland, US.
Barclays analyst Mark DeVries holds an Equal Weight rating on shares of AGNC Investment Corp. (NASDAQ:AGNC) as of this May.
Our hedge fund data shows 14 hedge funds long AGNC Investment Corp. (NASDAQ:AGNC) in the first quarter of 2022, with a total stake value of $70.4 million.
2. Two Harbors Investment Corp. (NYSE:TWO)
Number of Hedge Fund Holders: 31
Dividend Yield: 15.3% as of June 2022
Two Harbors Investment Corp. (NYSE:TWO), a real estate investment trust, invests in and finances residential mortgage-backed securities and mortgage servicing rights, alongside non-agency securities and other financial assets in the US. The company has raised its dividend yield for a year, presenting a hopeful future of profitability for its investors.
JPMorgan’s Richard Shane holds a Neutral rating on shares of Two Harbors Investment Corp. (NYSE:TWO) as of this April.
The company had an EPS of $0.22 in the fiscal fourth quarter of 2021, beating estimates by $0.01. Its revenue was $12.8 million.
There were 31 hedge funds long Two Harbors Investment Corp. (NYSE:TWO) in the first quarter of 2022, and 34 hedge funds long the stock in the previous quarter. Their total stake values were $123 million and $141 million respectively.
1. Annaly Capital Management, Inc. (NYSE:NLY)
Number of Hedge Fund Holders: 14
Dividend Yield: 15.4% as of June 2022
Annaly Capital Management, Inc. (NYSE:NLY) is among the largest mortgage real estate investment trusts in the US, making it one of the most well-reputed dividend stocks with over 8% yield. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, and other related assets.
As of this April, JPMorgan’s Richard Shane holds an Overweight rating on shares of Annaly Capital Management, Inc. (NYSE:NLY).
In the first quarter of 2022, 14 hedge funds held stakes in Annaly Capital Management, Inc. (NYSE:NLY), with a total stake value of $72.1 million.
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