10 Highest-Paying Monthly Dividend Stocks

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2. Orchid Island Capital, Inc. (NYSE:ORC)

Dividend Yield as of November 23: 17.79%

Orchid Island Capital, Inc. (NYSE:ORC) is a Florida-based specialty finance company that invests in residential mortgage-backed securities on a leveraged basis. The company currently pays a monthly dividend of $0.16 per share and has a dividend yield of 17.79%, as of November 23.

In the third quarter of 2022, Orchid Island Capital, Inc. (NYSE:ORC) reported a net interest income of $14.25 million and its per-share book value came in at $11.42. As of June, the company has repurchased 1.8 million shares of its common stock. It also reported roughly $220 million in cash and cash equivalents at the end of the quarter.

At the end of Q3 2022, 6 hedge funds tracked by Insider Monkey owned investments in Orchid Island Capital, Inc. (NYSE:ORC), compared with 5 in the previous quarter. These stakes have a total value of over $23.5 million.

Follow Orchid Island Capital Inc. (NYSE:ORC)

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