Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Friday, September 15th, Wall Street Journal reports. Investors of record on Friday, September 29th will be given a dividend of 0.14 per share by the real estate investment trust on Tuesday, October 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.87%. The ex-dividend date of this dividend is Thursday, September 28th.

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

Orchid Island Capital (NYSE:ORC) traded up 0.81% during trading on Friday, hitting $9.96. 3,720,808 shares of the company were exchanged. The company’s market capitalization is $451.22 million. Orchid Island Capital has a 12 month low of $9.18 and a 12 month high of $12.60. The stock’s 50-day moving average is $9.68 and its 200-day moving average is $10.01.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.68). Equities research analysts anticipate that Orchid Island Capital will post $0.78 earnings per share for the current year.

Several equities research analysts recently issued reports on ORC shares. BidaskClub cut shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. TheStreet cut shares of Orchid Island Capital from a “c” rating to a “d” rating in a research report on Monday, July 31st.

ILLEGAL ACTIVITY NOTICE: “Orchid Island Capital, Inc. Plans Monthly Dividend of $0.14 (ORC)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/09/15/orchid-island-capital-inc-plans-monthly-dividend-of-0-14-orc.html.

In other news, Director W Coleman Bitting acquired 2,912 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the transaction, the director now owns 18,650 shares in the company, valued at $188,365. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.

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)

Receive News & Ratings for Orchid Island Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.