5 High-Yield Monthly Dividend Stocks to Buy in September

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

Dividend Yield as of September 6: 14.88%

Another prominent high-yield monthly dividend stock, Orchid Island Capital, Inc. (NYSE:ORC) announced a 1-for-5 reverse stock split in August and a monthly dividend of $0.16 per share. The company’s shares have started to trade on a split-adjusted basis from August 31. As of September 6, the stock’s dividend yield stood at 14.88%. It has been paying uninterrupted dividends to shareholders since its IPO in 2013.

In Q2 2022, Orchid Island Capital, Inc. (NYSE:ORC) reported revenue of $66.2 million, up 26% from the same period last year. The company’s net interest income for the quarter came in at $27.1 million and its total expenses stood at $4.9 million. Its cash position also remained strong in Q2 as it reported $283.3 million in cash and cash equivalents and its total assets stood at over $4.4 billion.

As of the close of Q2 2022, 5 hedge funds in Insider Monkey’s database owned stakes in Orchid Island Capital, Inc. (NYSE:ORC), compared with 4 in the previous quarter. The collective value of these stakes is $536,000. Balyasny Asset Management owned the largest stake in the company, worth $277,000.