5 High Yield Monthly Dividend Stocks to Buy in August

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

Number of Hedge Fund Holders: 8
Dividend Yield: 16.3%

Orchid Island Capital, Inc. (NYSE: ORC) is next and last on our list of high yield monthly dividend stocks to buy in August, ranking 1st. The company is a speciality finance company focusing on residential mortgage-backing securities in the US.

Orchid Island Capital, Inc. (NYSE: ORC) has a Buy rating at Ladenburg. In the second quarter of 2021, Orchid Island Capital, Inc. (NYSE: ORC) had an FFO of $0.24, missing estimates by $0.03. The company’s revenue was $27.70 million, up 21.59% year over year and beating estimates by $1.41 million.

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 $14.8 million.

You can also take a look at 10 Cheap Monthly Dividend Stocks to Buy Now and 10 Best Monthly Dividend Stocks with High Yields.

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