5 High-Yield Monthly Dividend Stocks to Buy in November

In this article, we will be taking a look at 5 high-yield monthly dividend stocks to buy in November. To read our detailed analysis of dividend investing, you can go directly to see the 10 High-Yield Monthly Dividend Stocks to Buy in November.

5. Ellington Financial Inc. (NYSE:EFC)

Number of Hedge Fund Holders: 7

Dividend Yield: 9.8%

Ellington Financial Inc. (NYSE:EFC) operates through its subsidiary company Ellington Financial Operating Partnership LLC to acquire and manage mortgage-related, consumer-related, corporate-related, and other financial assets in the US. The company ranks fifth on our list of high-yield monthly dividend stocks to buy in November.

In May, BTIG’s Eric Hagen reiterated a Buy rating on Ellington Financial Inc. (NYSE:EFC) shares. The analyst also raised the price target on the stock to $19.

In the second quarter of 2021, Ellington Financial Inc. (NYSE:EFC) reported an FFO of $0.51, beating estimates by $0.05. The company’s revenue was $45.89 million, up 16.82% year over year and beating the previous quarter’s revenue of $40.08 million. The stock has also gained 2.63% in the past 6 months and 25.82% year to date.

According to our data at Insider Monkey, in the second quarter, seven out of 873 hedge funds held stakes in Ellington Financial Inc. (NYSE:EFC) worth about $45.1 million. Comparatively, in the previous quarter, six hedge funds held stakes in the company worth $39 million, roughly.