Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Thursday, July 13th, Wall Street Journal reports. Stockholders of record on Monday, July 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, August 10th. This represents a $1.68 annualized dividend and a dividend yield of 17.55%. The ex-dividend date of this dividend is Thursday, July 27th.

Orchid Island Capital has increased its dividend by an average of 3.4% annually over the last three years.

Shares of Orchid Island Capital (ORC) traded up 0.84% on Tuesday, hitting $9.57. 503,181 shares of the stock traded hands. Orchid Island Capital has a 52 week low of $9.18 and a 52 week high of $12.60. The firm’s 50 day moving average is $9.89 and its 200 day moving average is $10.41. The firm’s market capitalization is $433.55 million.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.68. On average, analysts expect that Orchid Island Capital will post $1.09 EPS for the current fiscal year.

In other news, Director W Coleman Bitting acquired 2,912 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was bought at an average price of $10.10 per share, with a total value of $29,411.20. Following the acquisition, the director now owns 18,650 shares in the company, valued at approximately $188,365. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Orchid Island Capital, Inc. (ORC) to Issue $0.14 Monthly Dividend” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/08/orchid-island-capital-inc-orc-announces-monthly-dividend-of-0-14-updated-updated-updated.html.

Several equities research analysts recently weighed in on ORC shares. BidaskClub lowered Orchid Island Capital from a “buy” rating to a “hold” rating in a report on Friday, July 28th. TheStreet lowered Orchid Island Capital from a “c” rating to a “d” rating in a report on Monday, July 31st.

About Orchid Island Capital

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

Dividend History for Orchid Island Capital (NYSE:ORC)

Receive News & Stock Ratings for Orchid Island Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital Inc. and related stocks with our FREE daily email newsletter.