Orchid Island Capital, Inc. (ORC) To Go Ex-Dividend on July 31st

Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly dividend on Wednesday, July 8th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date of this dividend is Friday, July 31st.

Orchid Island Capital has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Orchid Island Capital has a dividend payout ratio of 151.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Orchid Island Capital Price Performance

Shares of ORC stock opened at $6.83 on Friday. Orchid Island Capital has a twelve month low of $6.41 and a twelve month high of $8.40. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.10 and a beta of 1.54. The stock has a fifty day simple moving average of $6.81 and a two-hundred day simple moving average of $7.21. The company has a current ratio of 509.34, a quick ratio of 509.34 and a debt-to-equity ratio of 0.26.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of ($12.56) million for the quarter, compared to analysts’ expectations of $33.03 million.

Orchid Island Capital Company Profile

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company’s principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.