Orchid Island Capital Inc. (ORC) to Issue Monthly Dividend of $0.14 on December 9th
Orchid Island Capital Inc. (NYSE:ORC) declared a monthly dividend on Thursday, November 10th. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.14 per share on Friday, December 9th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.51%. The ex-dividend date is Monday, November 28th.
Orchid Island Capital (NYSE:ORC) opened at 10.83 on Friday. Orchid Island Capital has a 12 month low of $7.50 and a 12 month high of $11.25. The stock has a market capitalization of $284.31 million, a price-to-earnings ratio of 8.05 and a beta of 0.62. The stock’s 50 day moving average is $10.66 and its 200-day moving average is $10.58.
Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.85 earnings per share (EPS) for the quarter. On average, equities research analysts expect that Orchid Island Capital will post $0.13 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. raised its position in Orchid Island Capital by 170.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 97,850 shares of the company’s stock valued at $1,020,000 after buying an additional 61,708 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Orchid Island Capital during the third quarter valued at $156,000. Citadel Advisors LLC purchased a new position in Orchid Island Capital during the third quarter valued at $198,000. Morgan Stanley raised its position in Orchid Island Capital by 28.8% in the third quarter. Morgan Stanley now owns 16,543 shares of the company’s stock valued at $172,000 after buying an additional 3,701 shares during the last quarter. Finally, Northern Trust Corp raised its position in Orchid Island Capital by 1.7% in the third quarter. Northern Trust Corp now owns 243,152 shares of the company’s stock valued at $2,533,000 after buying an additional 4,073 shares during the last quarter. Institutional investors own 17.29% of the company’s stock.
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Separately, Zacks Investment Research cut shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.
Orchid Island Capital Company Profile
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.
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