5 Best High-Yield Monthly Dividend Stocks to Buy

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

Number of Hedge Fund Holders: 8
Dividend Yield: 15.35%

Orchid Island Capital, Inc. (NYSE: ORC) operates in the mortgage REIT industry as a specialty finance company, investing in residential mortgage-backed securities in the US. It ranks 1st on our list of the best high-yield monthly dividend stocks to buy.

This April, Orchid Island Capital, Inc. (NYSE: ORC) saw its quarterly EPS view of an estimated $0.60 per share, and an estimated total return on equity of 6%.

In the first quarter of 2021, Orchid Island Capital, Inc. (NYSE: ORC) had an FFO of $0.25, missing estimates by $0.02. The company’s revenue was $24.91 million, up 30.12%% year over year and beating estimates by $3.33 million. Orchid Island Capital, Inc. (NYSE: ORC) has also gained 19.03% in the past 6 months and 26.20% year to date.

By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Orchid Island Capital, Inc. (NYSE: ORC) worth roughly $19.8 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $14.7 million.

You can also take a peek at 10 Best High Yield Dividend Stocks To Buy and 15 Fastest Growing Dividend Stocks.

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