5 Cheap Monthly Dividend Stocks to Buy Now

In this article, we will be looking at the 5 cheap monthly dividend stocks to buy now. If you want to see our detailed analysis of dividend investing and these companies, go directly to the 10 Cheap Monthly Dividend Stocks to Buy Now.

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

Number of Hedge Fund Holders: 8
Dividend Yield: 15.5%

Orchid Island Capital, Inc. (NYSE: ORC) is a specialty finance company and it ranks 5th on our list of cheap monthly dividend stocks to buy now. The company invests in residential mortgage-backed securities, backed by single-family residential mortgage loans, or Agency RMBS.

Orchid Island Capital, Inc. (NYSE: ORC) mentioned this April that its total return on equity in the first quarter was estimated to be about 6%, while its book value per share was $4.94 as of March 31st.

In the first quarter of 2021, Orchid Island Capital, Inc. (NYSE: ORC) had an FFO of $0.25, missing estimates by $0.02. The company’s revenue was $24.91 million, up 30.12%% year over year and beating estimates by $3.33 million. Orchid Island Capital, Inc. (NYSE: ORC) has also gained 1.41% in the past year.

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 $14.7 million.