#1 - Orchid Island Capital, Inc. (NYSE:ORC)
The first company on this list also has the highest monthly dividend payout ratio of over 20.53%. Orchard Capital (NYSE:ORC) is a real estate investment trust (REIT) that invests in residential mortgage-backed securities that are backed by single-family residential mortgage loans, or Agency RMBS. The company serves customers in the state of Florida which is seeing an influx of potential home buyers as a result of the pandemic.
In June 2022, the company announced it was increasing its dividend to 4.5 cents a share. This boosts the annualized dividend to 54 cents from 50 cents a nearly 10% YOY increase. In addition to the monthly dividend payout, the company has a stock price as of June 2022 that is near its 52-week low at around $2.63 per share. However, that means a modest investment can yield a nice supplemental income.
The stock is not heavily owned by institutional investors. But buying volume has outpaced selling volume in four of the last five quarters.
About Orchid Island Capital
Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.
Read More - Current Price
- $7.86
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $9.50 (20.9% Upside)
