10 High-Yield Monthly Dividend Stocks to Buy in November

In this article, we will be taking a look at 10 high-yield monthly dividend stocks to buy in November. To skip our detailed analysis of dividend investing, you can go directly to see the 5 High-Yield Monthly Dividend Stocks to Buy in November .

Each category of stocks has its own benefits and downsides. While growth stocks tend to offer dramatic price appreciations to investors, dividend stocks offer them steady income streams, for instance. This isn’t to say that one stock is objectively better than the other, of course. Rather, it goes to show that stock choices, and resultantly investment decisions, need to be made with great deliberation. This deliberation must also take into account each individual’s personal preferences and what they require most from their portfolios. Income investors, for instance, require steady income streams. And those investing for comfortable early retirements require the same.

For both of the above, dividend stocks like Target Corporation (NYSE: TGT ), Chevron Corporation (NYSE: CVX ), Exxon Mobil Corporation (NYSE: XOM ), and AbbVie, Inc. (NYSE: ABBV ) are among the most optimal investment options. In 2021, these stocks have proven to be popular among traders at least all the way up till May, for instance. This reality came in light of many factors, but primarily because of the suffering US 10-year yield. Dropping bond yields thus have been leading to many investors turning their eye towards dividend stocks which are beginning to seem like more attractive assets.

For instance, the DVY iShares dividend ETF constituting major dividend stocks like Exxon Mobil Corporation (NYSE:XOM), rose over 1% in May while the 10-year yield receded under 1.6%. The ETF in question was also 25% higher for the year, according to CNBC . Experts like Steve Chiavarone, who is the portfolio manager at Federated Hermes, have reportedly commented that dividends have been outperforming the S&P 500 on an annualized basis in general.

Chiavarone also noted another advantage of dividend stocks in the same train of thought, stating that the Dow Jones Dividend Select index, when used as a proxy, for instance, was also comparatively cheaper than the S&P 500, trading at a multiple discount of eight to ten, for instance. While these advantages are by no means all there is to dividend stocks, they are enough to build a preliminary case for investing in them.

Investing has become difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points ( see the details here ). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. Without further ado, let’s take a look at the 10 high-yield monthly dividend stocks to buy in November.

Our Methodology

While formulating our list below, we have taken into account the number of hedge funds holding stakes in the stocks mentioned, alongside their dividend yields. We have ensured that each stock has a dividend yield of 8% and above, and have ranked them on the basis of their yields, from lowest to highest. Secondly, we have used Insider Monkey’s data collected by tracking 873 hedge funds to list the hedge funds holding stakes in each stock. High-Yield Monthly Dividend Stocks to Buy in November

10. Broadmark Realty Capital Inc. (NYSE: BRMK )

Number of Hedge Fund Holders: 12

Dividend Yield: 8.1%

Broadmark Realty Capital Inc. (NYSE:BRMK), a mortgage real estate investment trust based in Seattle, underwrites, funds, services, and manages a portfolio of the short-term and first deed of trust loans to invest in residential and commercial properties in the US. The company ranks tenth on our list of high-yield monthly dividend stocks to buy in November. It also offers short-term and first deed of trust loans secured by real estate to fund the construction of residential and commercial properties.

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