5 High Yield Monthly Dividend Stocks to Buy in August

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

Number of Hedge Fund Holders: 9
Dividend Yield: 11.5%

ARMOUR Residential REIT, Inc. (NYSE: ARR), a company focusing on residential mortgage-backed securities in the US, ranks 2nd on our list of high yield monthly dividend stocks to buy in August. The company was founded in 2008 and is based in Florida.

B. Riley and Ladenburg analysts both hold Neutral ratings on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR), with B. Riley also holding an $11.50 price target on the stock.

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 revenue of $16.06 million. ARMOUR Residential REIT, Inc. (NYSE: ARR) has also gained 11.36% in the past year.

By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $22.2 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $23.5 million.