5 Highest Yielding Dividend Stocks You Can Buy

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

Dividend Yield as of February 20: 16.40%

Orchid Island Capital, Inc. (NYSE:ORC) is an American specialty finance company, based in Florida, US. The company mainly invests in residential mortgage-backed securities on a leveraged basis. For Q4 2022, the company estimated growth in its book value per share to $11.93, from $11.42 per share in the previous quarter. It also estimated an 8.7% total return on equity for the quarter.

Orchid Island Capital, Inc. (NYSE:ORC) is one of the best highest-yielding dividend stocks as the company offers monthly dividends to shareholders. The company pays a per-share dividend of $0.16 every month and has a dividend yield of 16.40%, as of February 20.

At the end of Q3 2022, 6 hedge funds tracked by Insider Monkey owned investments in Orchid Island Capital, Inc. (NYSE:ORC), compared with 5 in the previous quarter. These stakes have a total value of over $23.5 million. With nearly 1.5 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q3.