5 High Yield Monthly Dividend Stocks

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1. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of January 14: 10.17%

Number of Hedge Fund Holders: 10

Ellington Financial Inc. (NYSE:EFC) is a company investing in multiple types of financial assets, such as residential and commercial mortgage-backed securities, mortgage loans, collateralized loan obligations, derivatives, equity investments, among other strategic investments.

On January 7, Ellington Financial Inc. (NYSE:EFC) declared a $0.15 per share monthly dividend, in line with previous. The dividend will be paid on February 25 to shareholders of record on January 31. 

Ellington Financial Inc. (NYSE:EFC) announced on December 8 that it is proceeding with a Series B public stock offering to raise capital for acquiring its target assets and for other corporate expenses. 

Publishing its third quarter results on November 8, Ellington Financial Inc. (NYSE:EFC) reported earnings per share of $0.46, missing estimates by $0.02. The Q3 revenue also missed consensus estimates. 

Israel Englander’s Millennium Management is the leading Ellington Financial Inc. (NYSE:EFC) stakeholder, with 1.15 million shares worth $21.1 million. Overall, 10 hedge funds were bullish on the stock in the third quarter of 2021.

You can also take a look at 10 Most Popular Dividend Stocks Among Famous Hedge Funds and 11 Best Depressed Stocks To Invest In.

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