Orchid Island Capital, Inc.
Dividend yield: 15%
Orchid Island Capital is a specialty finance company based in Vero Beach, Florida. It was founded in 2010 and it invests in residential mortgage-backed securities on a leveraged basis. The company operates to be taxed as a real estate investment trust (REIT), and REITs are required to pay at least 90% of their taxable income back to investors.
Currently, this monthly dividend stock has a market cap of close to $700 million. The stock is considered overvalued by some analysts and has an estimated negative return. However, it pays a high dividend that yields around 15%. Its shares are trading a hair above the $5 mark, and the firm is currently paying dividends of $0.065 cents per share every month.
GAMCO Global Gold, Natural Resources & Income Trust
Dividend yield: 9%
GAMCO is a non-diversified closed-end management investment company based in Rye, New York. It was founded in 2005 and invests at least 80% of its assets in companies mainly engaged in the gold industries. It aims to earn income by selling covered call options on equity securities in its portfolio.
The company has a market cap of around $600 million and is trading at a fair value at the moment. Its P/E ratio is around 10 and it has a positive EPS of $0.375. The stock is currently trading at just under four dollars per share and the firm is currently paying a monthly dividend of three cents per share.
Credit Suisse Asset Management Income Fund, Inc.
Dividend yield: 7.9%
As the name implies, this stock allows you to invest in an income fund rather than the day-to-day operations of a company. In doing so, it gives you access to a team of credit professionals spanning over 1,000 corporate issuers. Technically, this is a bond fund but it trades as common stock. Under “normal circumstances,” the fund will invest at least 75% of its assets in fixed-income securities such as bonds, debentures and preferred stock.
The market cap for CIK is currently close to $180 million and it is trading at fair value. It has a bullish chart pattern, although its short- and medium-term outlooks are bearish at the moment. It is trading at about $3.40 per share and pays a dividend of $0.0225 per share every month.
Neuberger Berman Real Estate Securities Income Fund Inc.
Dividend yield: 7.5%
Neuberger Berman has a “focused, high-conviction strategy” that aims to buy income and long-term capital growth properties using a diversified portfolio. To achieve that diversity, it rotates property sectors and geographic regions based on economic factors. It also values ESG investing and has had a “socially responsive” investing team since 1989. Neuberger was founded in 2003 by Roy Neuberger and Roy Berman.
Currently, the stock is trading around the $5 mark with a market cap of about $230 million. It is trading at a fair value according to some analysts with a bullish chart pattern. Its earnings per share is $1.63 and it pays a monthly dividend of around $0.03 per share.
Credit Suisse High Yield Bond Fund
Dividend yield: 7.4%
Credit Suisse’s High Yield Bond Fund is similar to its income fund, but it invests primarily in below-investment-grade U.S. fixed income securities. This makes sense as its primary objective is to seek high current income. It also trades as common stock.
This particular stock has a market cap of around $250 million and is trading at fair value. It also has a bullish chart pattern. As far as its dividends, the stock is trading at around $2.50 and receives monthly dividends of around $0.015 per share.
This article originally ran on investmentu.com.