Orchid Island Capital, Inc. (NYSE:ORC) Declares Monthly Dividend of $0.10

Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Wednesday, July 8th. Shareholders of record on Friday, July 31st will be given 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 yield of 17.8%. The ex-dividend date 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 NYSE:ORC opened at $6.74 on Thursday. The firm has a 50 day moving average of $6.81 and a 200-day moving average of $7.21. The stock has a market capitalization of $1.35 billion, a PE ratio of 8.98 and a beta of 1.54. 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 has a 12 month low of $6.41 and a 12 month high of $8.40.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of ($12.56) million for the quarter, compared to analyst estimates 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.