5 Monthly Dividend Stocks with Over 6% Yield

In this article, we discuss 5 monthly dividend stocks with over 6% yield. You can see some more monthly dividend stocks and read our detailed discussion on dividend investing by clicking 10 Monthly Dividend Stocks with Over 6% Yield. 

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

Dividend Yield as of March 9: 13.90%

Number of Hedge Fund Holders: 6

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a Florida-based real estate investment trust that invests in residential mortgage-backed securities in the United States. The stock offers a dividend yield of 13.90% as of March 9. 

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared on February 15 a $0.10 per share monthly dividend, in line with previous. The dividend is payable on March 28, to shareholders of record on March 15. 

In the fourth quarter of 2021, 6 hedge funds held long positions in ARMOUR Residential REIT, Inc. (NYSE:ARR), with stakes amounting to $113.7 million. Beach Point Capital Management is the biggest shareholder of the company, with 396,594 shares worth roughly $4 million.