With high yields being harder to come by today than they have been in the past two years, investing in dividend stocks that pay monthly is a huge benefit, since most companies tend to pay dividends on a quarterly basis.
While a high dividend yield can be attractive, investors should look for companies with strong fundamentals and a history of paying dividends. Because REITs are the most common type of stock to offer monthly payouts, it can be harder to identify companies in other sectors that offer monthly payments.
Here are two REIT stocks and an energy company that offer strong dividend yields for the second half of 2022.
ARMOR Residential REIT Inc ARR offers a dividend yield of 17.14%, or $1.20 per share annually using monthly payments, with a mixed track record of growing its dividend payments. ARMOR Residential REIT is a real estate investment trust that invests in mortgage-backed residential securities issued or guaranteed by US government-sponsored companies such as Fannie Mae, Freddie Mac or Ginnie Mae.
During the second quarter of 2022, ARMOR repurchased 248,000 common shares at an average price of $6.23 per share, representing approximately $1.5 million.
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AGNC investment company AGNC offers a dividend yield of 12.17%, or $1.44 per share annually on monthly payments, and also has a mixed track record of growing its dividends. AGNC Investment is a real estate investment fund that invests in agency apartments mortgage-collateralized securities, similar to ARMOR Residential REIT.
During the second quarter of 2022, AGNC Investment repurchased 4.7 million shares at an average repurchase price of $10.78 per share for a total value of $51 million.
Pembina Pipeline Corporation PBA offers a dividend yield of 5.53%, or $1.95 per share annually on monthly payments, with no recent dividend increases. pembina…
