Orchid Island Capital Inc. (ORC)

[AlwaysRed]

You can get divvy stocks cheaper than DRIP especially ORC.

I have my DRIP for ORC turned off. Why?

Well most divvy stocks pay the Divvy within 2 weeks from the exdate. That allows the stock to fall when the DRIP occurs. Following the set pattern you referred to.

However if you look at the pay date in ORC, it is nearly a full 30 days after the exdate. If you look again at the set pattern you were referring to, the puts the DRiP when the stock is at its high.

I take cash payments in ORC and after a week or 2 once the stock falls in price I buy the stock with my divvy. When the stock price is much lower.

Most monthly divvy payers, the price is at its high just before the exdate. That is a bad time to buy, even with the DRIP. And that is what happens in ORC. They DRIP you just prior to the exdate, when the stock is at its monthly high. Not good.

I don't think you should drip ORC.