Orchid Island Capital, Inc. (NYSE:ORC – Get Free Report) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, February 27th. This represents a $1.44 annualized dividend and a dividend yield of 18.06%. The ex-dividend date of this dividend is Friday, January 31st.
Orchid Island Capital has raised its dividend payment by an average of 7.8% annually over the last three years.
Orchid Island Capital Stock Up 0.9 %
NYSE ORC opened at $7.98 on Wednesday. The company has a market cap of $636.80 million, a PE ratio of 7.60 and a beta of 1.82. Orchid Island Capital has a 52 week low of $7.41 and a 52 week high of $9.08. The firm’s 50-day simple moving average is $7.89 and its two-hundred day simple moving average is $8.01.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on ORC
Orchid Island Capital Company Profile
Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.
See Also
- Five stocks we like better than Orchid Island Capital
- Insider Buying Explained: What Investors Need to Know
- Apple Swings to Outperformer: Is It a Buy Ahead of Earnings?
- What Does a Stock Split Mean?
- American Airlines: Industry Headwinds or Internal Flaws?
- How to Plot Fibonacci Price Inflection Levels
- 3 Trucking Stocks Leading the Way in Market Momentum
Receive News & Ratings for Orchid Island Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital and related companies with MarketBeat.com's FREE daily email newsletter.