5 Monthly Dividend Stocks with Over 5% Yield

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

Dividend Yield as of January 27: 16.90%

Number of Hedge Fund Holders: 10

Orchid Island Capital, Inc. (NYSE:ORC) is a Florida-based specialty finance company that operates as a real estate investment trust, with a portfolio of residential mortgage-backed securities on a leveraged basis. Orchid Island Capital, Inc. (NYSE:ORC) delivers a 16.90% dividend yield as of January 27, making it one of the best monthly dividend stocks with over 5% yield. 

On January 13, Orchid Island Capital, Inc. (NYSE:ORC) declared a $0.055 per share monthly dividend, which reflects a 15.4% decrease from its prior dividend of $0.065. The dividend is payable on February 24, to shareholders of record on January 31. The company reduced its dividend due to margin compressions in Q4 2021. 

JonesTrading analyst Jason Stewart on January 24 upgraded Orchid Island Capital, Inc. (NYSE:ORC) to Buy from Hold with a $4.25 price target. The analyst believes mortgage backed securities and rates markets “now have room to provide near term support” to Orchid Island Capital, Inc. (NYSE:ORC)’s book value, especially since the shares are down 16% ahead of the company’s Q4 results. 

Balyasny Asset Management is the biggest stakeholder of Orchid Island Capital, Inc. (NYSE:ORC) as of Q3 2021, holding 1.71 million shares worth $8.40 million. Overall, 10 hedge funds reported owning stakes in Orchid Island Capital, Inc. (NYSE:ORC) in the third quarter of 2021, totaling $16.1 million. 

You can also take a look at Billionaire Michael Platt’s Stunning Performance in 2021 and His Top 10 Stock Picks and 10 Notable Earnings Reports to Watch. 

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