Orchid Island Capital, Inc. Announces Monthly Dividend of $0.14 (ORC)
Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly dividend on Thursday, October 12th, Wall Street Journal reports. Shareholders of record on Tuesday, October 31st will be given a dividend of 0.14 per share by the real estate investment trust on Friday, November 10th. This represents a $1.68 dividend on an annualized basis and a yield of 16.22%. The ex-dividend date of this dividend is Monday, October 30th.
Orchid Island Capital has increased its dividend by an average of 3.4% annually over the last three years.
Orchid Island Capital (NYSE:ORC) traded up 0.39% during mid-day trading on Thursday, reaching $10.36. The company’s stock had a trading volume of 589,887 shares. The company’s market cap is $469.34 million. The firm’s 50 day moving average is $10.00 and its 200-day moving average is $10.08. Orchid Island Capital has a 12-month low of $9.18 and a 12-month high of $12.60.
Orchid Island Capital (NYSE:ORC) last announced its earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.68). Equities analysts anticipate that Orchid Island Capital will post $0.78 earnings per share for the current fiscal year.
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A number of equities analysts have commented on the company. BidaskClub raised Orchid Island Capital from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. TheStreet cut Orchid Island Capital from a “c” rating to a “d” rating in a report on Monday, July 31st.
Orchid Island Capital Company Profile
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.
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