5 Monthly Dividend Stocks Under $10

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In this article, we will discuss 5 best monthly dividend stocks under $10. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 12 Monthly Dividend Stocks Under $10

5. Ellington Residential Mortgage REIT (NYSE:EARN)

Share Price as of December 5: $7.39

Ellington Residential Mortgage REIT (NYSE:EARN) is an American real estate credit company that invests in a wide range of financial assets.

Last year, Ellington Residential Mortgage REIT (NYSE:EARN) raised its dividends twice and currently offers a monthly dividend of $0.15 per share. The stock’s dividend yield on December 5 came in at 12.99%. The company’s strong cash position makes it one of the best dividend stocks on our list.

In Q3 2022, Ellington Residential Mortgage REIT (NYSE:EARN) posted a net interest income of $36.5 million, and its adjustable distributable earnings stood at $26.5 million. The company had $175.2 million available in cash and cash equivalents with nearly $400 million in other assets.

Ellington Financial Inc. (NYSE:EFC) was a part of 5 hedge fund portfolios in Q3 2022, compared with 4 in the previous quarter. The stakes owned by these hedge funds have a total value of $11.7 million. Among these hedge funds, Renaissance Technologies owned the largest stake in the company.

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