5 Cheap High Dividend Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 9

Dividend Yield: 15.6%

Share Price as of November 8th: $5

Orchid Island Capital, Inc. (NYSE:ORC) is a specialty finance company. It’s a good option for those on the lookout for cheap high dividend stocks to buy right now. The company invests in residential mortgage-backed securities in the US.

Orchid Island Capital, Inc. (NYSE:ORC), in its third-quarter report, had an FFO of $0.22 and a revenue of $32.60 million. The revenue beat estimates by $3.70 million.

In September, JonesTrading’s Jason Stewart upgraded shares of Orchid Island Capital, Inc. (NYSE:ORC) to Hold.

Nine hedge funds held stakes in Orchid Island Capital, Inc. (NYSE:ORC) in the second quarter and eight hedge funds held stakes in the company in the first quarter. The total stake values for each quarter were $17.2 million and $19.8 million respectively.

See also 15 Biggest Water Companies In The World and 14 Best Low Risk Stocks To Buy Now.

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