5 Dividend Stocks with Over 9% Yield

4. ARMOUR Residential REIT, Inc. (NYSE: ARR)

Number of Hedge Fund Holders: 13
Dividend Yield: 10.98%

ARMOUR Residential REIT, Inc. (NYSE: ARR), another mortgage REIT, works with a securities portfolio of US Government-sponsored entity’s (GSE) and the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans. The company ranks 4th on our list of dividend stocks with over 9% yield.

This July, analysts at B. Riley placed a Neutral rating and an $11.50 price target on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR).

In the second quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.21, missing estimates by $0.07. The company’s revenue was $16.7 million, beating the previous quarter’s $16.06 million revenue. ARMOUR Residential REIT, Inc. (NYSE: ARR) has gained 3.02% year to date and 12.80% in the past year.

By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $32.3 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $22.2 million.