Orchid Island Capital, Inc. (NYSE:ORC) is included among the 10 Stocks with Highest Dividend to Buy Right Now.
Image by Steve Buissinne from Pixabay
Orchid Island Capital, Inc. 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. 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. 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.
READ NEXT: 10 Best Food Stocks with Dividends and 11 Dogs of the Dow Dividend Stocks to Buy Now.
