Owens Realty Mortgage Inc (ORM) Plans Quarterly Dividend of $0.10
Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) declared a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.10 per share by the financial services provider on Friday, January 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, December 28th.
Owens Realty Mortgage (ORM) traded down $0.01 during trading on Friday, hitting $15.99. The stock had a trading volume of 11,600 shares, compared to its average volume of 21,541. Owens Realty Mortgage has a 52 week low of $15.26 and a 52 week high of $19.16.
Separately, TheStreet lowered Owens Realty Mortgage from a “b” rating to a “c+” rating in a research note on Monday, December 4th.
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About Owens Realty Mortgage
Owens Realty Mortgage, Inc is a specialty finance company that focuses on the origination, investment and management of commercial real estate loans, primarily in the Western United States. The Company’s segments include commercial real estate, residential real estate and land loans. The Company provides short-term loans to small and middle-market investors and developers that require speed and flexibility.
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