5 Very High Yield Dividend Stocks to Check Out

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

Dividend Yield as of September 27: 21.15%

Orchid Island Capital, Inc. (NYSE:ORC) tops our list of the best dividend stocks with very high yields. It is a Florida-based specialty finance company that invests in residential mortgage-backed securities on a leveraged basis. On September 12, the company declared a monthly dividend of $0.16 per share, up from its previous dividend of $0.045 per share. The company has been paying consistent dividends to shareholders since its IPO in 2013. As of September 27, the stock has a dividend yield of 21.15%.

Orchid Island Capital, Inc. (NYSE:ORC) reported revenue of $66.2 million in the second quarter of 2022, up 26% from the same period last year. The company’s net interest income was recorded 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.

You can also take a look at 10 Dividend Aristocrats Under $60 You Can Buy in September and 10 Best Dividend Stocks to Buy According to Thomas Bailard’s Hedge Fund

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