Orchid Island Capital, Inc. (NYSE:ORC) to Issue Monthly Dividend of $0.12

Orchid Island Capital, Inc. (NYSE:ORCGet 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

Separately, JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Read Our Latest Research Report on ORC

Orchid Island Capital Company Profile

(Get Free Report)

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

Dividend History for Orchid Island Capital (NYSE:ORC)

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