5 High Yield Dividend Stocks to Buy According to Billionaire David Harding

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In this article we discuss the 5 high yield dividend stocks to buy according to billionaire David Harding. If you want to read our detailed analysis of Cohen’s history and hedge fund performance, go directly to the 10 High Yield Dividend Stocks to Buy According to Billionaire David Harding.

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

No. of Hedge Fund Holders: 10
Dividend Yield: 14.50%

This finance firm specializes in residential mortgage-backed securities (RMBS), including structured agency RMBS and Agency RMBS. 10 hedge funds owned Orchid Island Capital shares in Q4 2020.

Orchid generated $16.5 million in net income in Q4 2020, equivalent to $0.23 per common share. The company announced a dividend of $0.195 in Q4 2020 and a full year 2020 dividend of $0.79 per share. The impressive dividend payout makes it one of the best high yield dividend stocks on Harding’s portfolio.

Orchid announced a public offering for 8 million common shares, and the sale is expected to generate $44.4 million. The investment firm will use the proceeds from the public offering to cover some general corporate expenses while the rest of the funds will be invested in Agency RMBS.


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