5 High-Yield Monthly Dividend Stocks for August

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

Dividend Yield as of August 2: 16.9%

Orchid Island Capital, Inc. (NYSE:ORC) is a Florida-based specialty finance company that invests in residential mortgage-backed securities on a leveraged basis.

At the end of Q1 2022, Orchid Island Capital, Inc. (NYSE:ORC) had cash of over $427.4 million, with total assets standing at $5 billion. The company generated $114 million in free cash flow, up from $35.2 million in the previous quarter. It paid roughly $8 million in dividends during the quarter. Orchid Island Capital, Inc. (NYSE:ORC) has been paying dividends steadily to shareholders since its IPO in 2013. It currently offers a monthly dividend of $0.045 per share, with a dividend yield of 16.9%, as recorded on August 2.

At the end of March 2022, 4 hedge funds tracked by Insider Monkey held investments in Orchid Island Capital, Inc. (NYSE:ORC), down from 5 a quarter earlier. The stakes owned by these hedge funds are collectively valued at over $1.2 million.

You can also take a look at 12 Best Bear Market Stocks to Buy Now and  Top Stock Picks of Michael Burry.

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