5 Monthly Dividend Stocks with Over 6% Yield

4. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of March 9: 10.20%

Number of Hedge Fund Holders: 7

Ellington Financial Inc. (NYSE:EFC) is a Connecticut-based company that invests in residential mortgage-backed securities, subprime residential mortgage loans, commercial mortgage loans, and other commercial real estate debt in the United States.

On March 7, Ellington Financial Inc. (NYSE:EFC) declared a $0.15 per share monthly dividend, in line with previous. The dividend is payable on April 25, to shareholders of record on March 31. Ellington Financial Inc. (NYSE:EFC)’s dividend yield on March 9 came in at 10.20%. 

At the end of December 2021, 7 hedge funds were bullish on Ellington Financial Inc. (NYSE:EFC), as compared to 10 funds in the prior quarter. Billionaire Leon Cooperman’s Omega Advisors held the leading stake in Ellington Financial Inc. (NYSE:EFC) in Q4, with 860,000 shares valued at $14.6 million.