5 Undervalued Dividend Stocks with Over 10% Yield

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In this article, we discuss 5 undervalued dividend stocks with over 10% yield. If you want to look at more high-yield undervalued stocks, click 10 Undervalued Dividend Stocks with Over 10% Yield.

5. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of May 13: 12.07%

Number of Hedge Fund Holders: 7

P/E Ratio as of May 13: 9.39

Ellington Financial Inc. (NYSE:EFC) was incorporated in 2007 and is based in Old Greenwich, Connecticut. The company manages mortgage-related financial assets including residential mortgage-backed securities, residential mortgage loans, commercial mortgage-backed securities, commercial mortgage loans, and collateralized loan obligations. The company announced on April 18 its estimated book value per share of $17.74 as of March 31, 2022. The revenue of $51.07 million outperformed estimates by $228,000.

On May 13, Ellington Financial Inc. (NYSE:EFC)’s dividend yield stood at 12.07%. It is one of the highest yielding real estate investment trusts. Ellington Financial Inc. (NYSE:EFC) declared on May 2 a $0.15 per share monthly dividend, in line with previous. The dividend is distributable on June 27, for shareholders of record on May 31. 

According to Insider Monkey’s Q4 database, 7 hedge funds reported owning stakes in Ellington Financial Inc. (NYSE:EFC), collectively worth $39.5 million. Billionaire Leon Cooperman’s Omega Advisors is the biggest shareholder of the company, with 860,000 shares valued at $14.6 million. 

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