5 High-Yield Monthly Dividend Stocks for August

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In this article, we discuss 5 high-yield monthly dividend stocks for August. If you want to read our detailed discussion on dividend stocks, go directly to read 10 High-Yield Monthly Dividend Stocks for August

5. Broadmark Realty Capital Inc. (NYSE:BRMK)

Dividend Yield as of August 2: 11.29%

Broadmark Realty Capital Inc. (NYSE:BRMK) is a Washington-based specialty real estate finance company that provides financial solutions to its consumers.

In Q1 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) generated over $14.3 million in free cash flow, up from $13.6 million in the previous quarter. The company’s dividend payments amounted to nearly $9.3 million, which shows that the company’s dividends are well covered within its free cash flow. Broadmark Realty Capital Inc. (NYSE:BRMK) currently pays a monthly dividend of $0.07 per share, with a yield of 11.29%, as of August 2.

This June, Piper Sandler initiated its coverage of Broadmark Realty Capital Inc. (NYSE:BRMK) with a Neutral rating, highlighting the current market environment.

At the end of Q1 2022, 7 hedge funds in Insider Monkey’s database owned stakes in Broadmark Realty Capital Inc. (NYSE:BRMK), down from 11 a quarter earlier. The stakes owned by these hedge funds are valued at over $50 million. With over 4.8 million BRMK shares, Farallon Capital was the company’s leading stakeholder in Q1.

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