Orchard Funding Group (LON:ORCH) Shares Up 19.3% After Dividend Announcement

Orchard Funding Group plc (LON:ORCH)’s share price shot up 19.3% on Monday following a dividend announcement from the company. The company traded as high as GBX 34 ($0.44) and last traded at GBX 34 ($0.44). 214,796 shares traded hands during trading, an increase of 916% from the average session volume of 21,137 shares. The stock had previously closed at GBX 28.50 ($0.37).

The newly announced dividend which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 7.02%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Orchard Funding Group’s previous dividend of $1.00. Orchard Funding Group’s dividend payout ratio (DPR) is currently 4,285.71%.

Orchard Funding Group Price Performance

The stock has a market cap of £9.18 million, a price-to-earnings ratio of 614.29 and a beta of -0.13. The company’s 50 day moving average is GBX 28.97 and its 200 day moving average is GBX 27.36. The company has a debt-to-equity ratio of 212.80, a current ratio of 1.50 and a quick ratio of 1.86.

Orchard Funding Group (LON:ORCH) last posted its quarterly earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.09) earnings per share (EPS) for the quarter. Orchard Funding Group had a net margin of 23.07% and a return on equity of 8.62%. Research analysts forecast that Orchard Funding Group plc will post 6.58 earnings per share for the current fiscal year.

Orchard Funding Group Company Profile

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.