Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Thursday, July 13th, Wall Street Journal reports. Stockholders of record on Monday, July 31st will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, August 10th. This represents a $1.68 annualized dividend and a dividend yield of 16.41%. The ex-dividend date is Thursday, July 27th.

Orchid Island Capital has increased its dividend by an average of 3.4% per year over the last three years.

Orchid Island Capital (NYSE:ORC) traded down 3.369% during trading on Thursday, hitting $9.895. 2,300,079 shares of the stock traded hands. The company’s 50 day moving average is $10.16 and its 200 day moving average is $10.61. Orchid Island Capital has a one year low of $9.23 and a one year high of $12.60. The company has a market capitalization of $345.11 million, a P/E ratio of 29.537 and a beta of 0.51.

In related news, Director W Coleman Bitting acquired 2,912 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the acquisition, the director now directly owns 18,650 shares in the company, valued at approximately $188,365. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.

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About Orchid Island Capital

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

Dividend History for Orchid Island Capital (NYSE:ORC)

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