5 High Yield Dividend Stocks to Buy in August

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In this article, we will be looking at 5 high yield dividend stocks to buy in August. If you want to see our detailed analysis of these stocks and dividend investing, you can go directly to the 10 High Yield Dividend Stocks to Buy in August.

5. Ellington Financial Inc. (NYSE: EFC)

Number of Hedge Fund Holders: 6
Dividend Yield: 9.1%

Ellington Financial Inc. (NYSE: EFC) is a company that focuses on investing in financial assets like residential and commercial mortgage-backed securities, residential and commercial mortgage loans, consumer loans, and other related assets. It ranks 5th on our list of high yield dividend stocks to buy in August.

BTIG’s Eric Hagen raised his price target on Ellington Financial Inc. (NYSE: EFC) shares this May from $18.50 to $19, reiterating a Buy rating at the same time. Additionally, UBS has a Neutral rating on shares of Ellington Financial Inc. (NYSE: EFC) as well.

In the first quarter of 2021, Ellington Financial Inc. (NYSE: EFC) had an FFO of $0.43, beating the previous quarter’s FFO of $0.37. The company’s revenue was $40.08 million, also beating the previous quarter’s $39.07 million revenue. Ellington Financial Inc. (NYSE: EFC) has also gained 15.12% in the past 6 months and 24.11% year to date.

By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ellington Financial Inc. (NYSE: EFC) worth roughly $38.6 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $40.5 million.


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