Orchid Island Capital, Inc. (NYSE:ORC – Get Free Report) declared a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.10 per share by the real estate investment trust on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 18.1%. The ex-dividend date is Tuesday, June 30th.
Orchid Island Capital has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive 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 NYSE ORC opened at $6.64 on Wednesday. Orchid Island Capital has a twelve month low of $6.41 and a twelve month high of $8.40. The firm has a market cap of $1.33 billion, a P/E ratio of 8.85 and a beta of 1.55. The company has a 50 day moving average of $6.94 and a 200 day moving average of $7.28. The company has a quick ratio of 509.34, a current ratio of 509.34 and a debt-to-equity ratio of 0.26.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on ORC shares. Weiss Ratings cut shares of Orchid Island Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Wall Street Zen lowered shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $7.50.
View Our Latest Stock Analysis on Orchid Island Capital
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.
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