10 Stocks with Highest Dividend to Buy Right Now

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

Dividend Yield as of July 27: 19.43%

Orchid Island Capital, Inc. (NYSE:ORC) is a specialty finance firm that focuses on investments in residential mortgage-backed securities (RMBS). Its portfolio is made up of both traditional and structured Agency RMBS. The traditional segment includes mortgage pass-through certificates and collateralized mortgage obligations.

In its first quarter 2025 earnings, Orchid Island Capital, Inc. (NYSE:ORC) noted that it was well-prepared for market volatility, highlighting its strong cash reserves and relatively low leverage. This position enabled limited deleveraging and allowed the firm to repurchase more than 1.1 million shares at a significant discount early in the quarter. Management added that while maintaining a cautious stance, they also sold some shares to build a comfortable financial and cash buffer.

Orchid Island Capital, Inc. (NYSE:ORC) has a strong dividend policy as the company has paid regular dividends to shareholders since its IPO in 2013. It currently pays a monthly dividend of $0.12 per share and has a dividend yield of 19.43%, as of July 27.