Orchid Island Capital, Inc. (NYSE:ORC – Get Free Report) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 18.1%. The ex-dividend date is Monday, August 31st.
Orchid Island Capital has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. Orchid Island Capital has a dividend payout ratio of 151.9% indicating that 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 $6.63 on Thursday. The firm has a fifty day moving average of $6.69 and a two-hundred day moving average of $7.04. The firm has a market cap of $1.32 billion, a P/E ratio of 4.48 and a beta of 1.55. Orchid Island Capital has a 1-year low of $6.31 and a 1-year high of $8.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 509.34 and a quick ratio of 509.34.
About Orchid Island Capital
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.
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