5 Highest Paying Monthly Dividend Stocks

4. Ellington Residential Mortgage REIT (NYSE:EARN)

Dividend Yield as of October 5: 16.55%

An American real estate investment trust company, Ellington Residential Mortgage REIT (NYSE:EARN) currently pays a monthly dividend of $0.08 per share. The stock’s dividend yield on October 5 came in at 16.55%. It is among the best dividend stocks on our list with the highest yields.

At the end of Q2 2023, 6 hedge funds in Insider Monkey’s database reported having stakes in Ellington Residential Mortgage REIT (NYSE:EARN), which remained unchanged from its previous dividend. The collective value of these stakes is over $3 million.

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