In this article, we will be taking a look at 5 penny stocks that pay dividends. To read our detailed analysis of dividend investing, you can go directly to see the 10 Penny Stocks that Pay Dividends.
5. Highway Holdings Limited (NASDAQ:HIHO)
Number of Hedge Fund Holders: 1
Dividend Yield: 4.19%
Highway Holdings Limited (NASDAQ:HIHO) is an industrials company manufacturing and supplying metal, plastic, electric, and electronic components, subassemblies, and finished products for its customer base.
For the fiscal second quarter of 2021, Highway Holdings Limited (NASDAQ:HIHO) had an EPS of $0.06 and revenue of $3.4 million. The gross margin reported was 32.5% as well, compared to the 34.2% figure a year prior.
Our third quarter hedge fund data shows one hedge fund long Highway Holdings Limited (NASDAQ:HIHO) with a total stake value of $900,000.
4. Enel Chile S.A. (NYSE:ENIC)
Number of Hedge Fund Holders: 7
Dividend Yield (TTM): 10%
Enel Chile S.A. (NYSE:ENIC) is an electric utility company. It generates, transmits, and distributed electricity in Chile. The company had 7,200 megawatts of installed capacity with 109 generation units as of December 31, 2020.
In October, Morgan Stanley’s Miguel Rodrigues initiated coverage of Enel Chile S.A. (NYSE:ENIC) shares with an Overweight rating.
The number of hedge funds holding stakes in Enel Chile S.A. (NYSE:ENIC) in the third quarter of 2021 was seven, with stakes worth $14.5 million.
3. MFA Financial, Inc. (NYSE:MFA)
Number of Hedge Fund Holders: 17
Dividend Yield: 8%
MFA Financial, Inc. (NYSE:MFA) is a mortgage real estate investment trust operating in the US. It invests in residential mortgage assets primarily.
In December, Raymond James analyst Stephen Laws upgraded shares of MFA Financial, Inc. (NYSE:MFA) from Market Perform to Outperform.
Our data shows 17 hedge funds long MFA Financial, Inc. (NYSE:MFA) in the third quarter.
2. Oxford Square Capital Corp. (NASDAQ:OXSQ)
Number of Hedge Fund Holders: 5
Dividend Yield: 10%
Oxford Square Capital Corp. (NASDAQ:OXSQ), a business development company, invests in public and private companies and secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock, and syndicated bank loans.
Five out of 867 hedge funds held stakes in Oxford Square Capital Corp. (NASDAQ:OXSQ) in the third quarter, worth $3.4 million. In comparison, three out of 873 hedge funds held stakes in the company in the previous quarter, worth $5.8 million.
1. New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Number of Hedge Fund Holders: 15
Dividend Yield: 10.2%
New York Mortgage Trust, Inc. (NASDAQ:NYMT) is a mortgage real estate investment trust that acquires and invests in mortgage-related single-family and multi-family residential assets in the US. The company is trying to become a steady dividend grower, having raised its yield for one year, making it a suitable choice for those seeking penny stocks that pay dividends.
For the third quarter, New York Mortgage Trust, Inc. (NASDAQ:NYMT) had a net increase in net assets from operations, of about $11.3 million.
New York Mortgage Trust, Inc. (NASDAQ:NYMT) is among the more popular stocks, with 15 hedge funds long on it in the third quarter.
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