Orchid Island Capital, Inc. Plans Monthly Dividend of $0.12 (NYSE:ORC)

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

Orchid Island Capital has increased its dividend by an average of 7.8% annually over the last three years.

Orchid Island Capital Stock Down 0.4 %

NYSE:ORC traded down $0.03 during midday trading on Thursday, hitting $7.82. The company had a trading volume of 1,403,891 shares, compared to its average volume of 2,127,905. The company has a market capitalization of $624.43 million, a PE 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. The stock’s fifty day moving average price is $7.84 and its 200-day moving average price is $8.06.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). During the same period in the prior year, the business earned ($0.28) EPS. As a group, research analysts forecast that Orchid Island Capital will post -0.25 earnings per share for the current 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.