5 High-Yield Monthly Dividend Stocks to Buy in September

4. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of September 6: 12.72%

Ellington Financial Inc. (NYSE:EFC) is a real estate credit company and a registered investment adviser that provides services in credit, mortgage, and related markets. As of the close of Q2 2022, 4 hedge funds in Insider Monkey’s database owned stakes in the company, down from 7 in the previous quarter. The combined value of these stakes is over $16 million.

Ellington Financial Inc. (NYSE:EFC) reported a 1% hike in its July book value at $16.32 per share. In Q2 2022, the company’s adjusted distributable earnings stood at $24.9 million or $0.41 per share. Its cash position remained strong during the quarter, reporting $224.5 million in cash and cash equivalents and $591.2 million in other assets. At the end of June 2022, the company paid $11.2 million in dividends, compared with $10.3 million during the same period last year.

Ellington Financial Inc. (NYSE:EFC) currently pays a monthly dividend of $0.15 per share. The stock’s 5-year average yield stands at 12.2%, coming through as one of the best high-yield monthly dividend stocks. As of September 6, the stock’s dividend yield stood at 12.72%.