Orchid Island Capital, Inc. (ORC) to Issue Monthly Dividend of $0.10 on August 28th

Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly dividend on Wednesday, July 8th. Stockholders 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) annualized dividend and a dividend yield of 18.2%. 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%annually over the last three years and has increased its dividend every year for the last 1 years. Orchid Island Capital has a 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 Stock Performance

Shares of ORC stock opened at $6.58 on Wednesday. Orchid Island Capital has a 1-year low of $6.41 and a 1-year high of $8.40. The company has a current ratio of 509.34, a quick ratio of 509.34 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 4.45 and a beta of 1.54. The stock’s fifty day simple moving average is $6.75 and its 200-day simple moving average is $7.15.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $59.97 million during the quarter, compared to analysts’ expectations of $74.26 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.