5 Highest Yielding Dividend Stocks You Can Buy

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

Dividend Yield as of February 20: 16.35%

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust company that invests in residential mortgage-backed securities. The company offers a monthly dividend of $0.08 per share and has a dividend yield of 16.35%, as of February 20.

ARMOUR Residential REIT, Inc. (NYSE:ARR), one of the highest-yielding dividend stocks, declared revenue of $16.5 million in Q4 2022. The company’s net interest income for the quarter came in at $11.6 million. Its distributable earnings available to common shareholders stood at $38.8 million.

As of the close of Q3 2022, 8 hedge funds tracked by Insider Monkey owned stakes in ARMOUR Residential REIT, Inc. (NASDAQ:ARR), up from 5 in the previous quarter. The collective value of these stakes is over $23.8 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q3.

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