Orchid Island Capital Inc. (NYSE:ORC) announced a monthly dividend on Thursday, October 13th. Stockholders of record on Thursday, October 27th will be given a dividend of 0.14 per share on Monday, October 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.02%. The ex-dividend date of this dividend is Tuesday, October 25th.

Shares of Orchid Island Capital (NYSE:ORC) opened at 10.49 on Friday. Orchid Island Capital has a 12-month low of $7.50 and a 12-month high of $11.25. The stock’s 50 day moving average is $10.45 and its 200-day moving average is $10.49. The firm has a market cap of $238.99 million, a price-to-earnings ratio of 874.17 and a beta of 0.65.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.29 earnings per share for the quarter. On average, analysts anticipate that Orchid Island Capital will post $0.13 EPS for the current fiscal year.

Dividend History for Orchid Island Capital (NYSE:ORC)

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors raised its position in shares of Orchid Island Capital by 17.9% in the second quarter. BlackRock Fund Advisors now owns 1,016,071 shares of the company’s stock valued at $10,455,000 after buying an additional 154,076 shares during the period. Menta Capital LLC raised its position in Orchid Island Capital by 104.1% in the second quarter. Menta Capital LLC now owns 55,348 shares of the company’s stock valued at $570,000 after buying an additional 28,228 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Orchid Island Capital by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 584,452 shares of the company’s stock valued at $6,014,000 after buying an additional 21,675 shares during the last quarter. State Street Corp raised its position in Orchid Island Capital by 4.4% in the second quarter. State Street Corp now owns 412,144 shares of the company’s stock valued at $4,239,000 after buying an additional 17,355 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Orchid Island Capital by 2.4% in the second quarter. Vanguard Group Inc. now owns 705,694 shares of the company’s stock valued at $7,261,000 after buying an additional 16,220 shares during the last quarter. 16.32% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on ORC shares. Zacks Investment Research upgraded shares of Orchid Island Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday. TheStreet raised shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, National Securities reaffirmed a “neutral” rating and issued a $11.00 target price on shares of Orchid Island Capital in a research note on Thursday, July 28th.

About Orchid Island Capital

Orchid Island Capital, Inc (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

5 Day Chart for NYSE:ORC

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