Orion Office REIT Inc. (NYSE:ONL) to Issue $0.02 Quarterly Dividend

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.02 per share on Tuesday, April 15th. This represents a $0.08 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, March 31st.

Orion Office REIT Stock Down 2.5 %

Orion Office REIT stock opened at $2.17 on Friday. The company’s 50-day moving average price is $3.46 and its two-hundred day moving average price is $3.78. The stock has a market cap of $121.48 million, a price-to-earnings ratio of -1.41 and a beta of 1.07. Orion Office REIT has a 52 week low of $2.10 and a 52 week high of $4.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT (NYSE:ONL) last announced its earnings results on Wednesday, March 5th. The company reported $0.18 EPS for the quarter. The firm had revenue of $38.36 million for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.

Insider Activity

In related news, Director Reginald Harold Gilyard purchased 40,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $2.35 per share, with a total value of $94,000.00. Following the completion of the acquisition, the director now owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. This represents a 57.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul H. Mcdowell acquired 12,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $2.48 per share, with a total value of $29,760.00. Following the transaction, the insider now directly owns 293,895 shares in the company, valued at approximately $728,859.60. The trade was a 4.26 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 61,446 shares of company stock worth $147,092 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

Orion Office REIT Company Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.