Orchid Island Capital, Inc. (NYSE:ORC) to Issue $0.12 Monthly Dividend

Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, February 27th. This represents a $1.44 dividend on an annualized basis and a yield of 18.41%. The ex-dividend date is Friday, January 31st.

Orchid Island Capital has raised its dividend by an average of 7.8% per year over the last three years.

Orchid Island Capital Trading Down 0.4 %

Orchid Island Capital stock opened at $7.82 on Friday. The stock has a 50 day moving average of $7.85 and a 200-day moving average of $8.06. The stock has a market cap of $624.43 million, a P/E ratio of 7.45 and a beta of 1.82. Orchid Island Capital has a 52 week low of $7.41 and a 52 week high of $9.08.

Orchid Island Capital (NYSE:ORC) last released its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). During the same quarter in the prior year, the company posted ($0.28) earnings per share. As a group, equities analysts predict that Orchid Island Capital will post -0.25 earnings per share for the current fiscal year.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.