Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) declared a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Shareholders of record on Monday, March 25th will be paid a dividend of 0.24 per share by the financial services provider on Thursday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Friday, March 22nd. This is a positive change from Owens Realty Mortgage’s previous quarterly dividend of $0.20.

Owens Realty Mortgage has increased its dividend payment by an average of 33.1% annually over the last three years and has increased its dividend annually for the last 5 consecutive years.

Shares of ORM opened at $21.03 on Thursday. Owens Realty Mortgage has a 12 month low of $13.77 and a 12 month high of $22.95.

A hedge fund recently raised its stake in Owens Realty Mortgage stock. Geode Capital Management LLC lifted its position in shares of Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,843 shares of the financial services provider’s stock after purchasing an additional 3,775 shares during the quarter. Geode Capital Management LLC owned 1.18% of Owens Realty Mortgage worth $1,876,000 at the end of the most recent reporting period.

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About Owens Realty Mortgage

Owens Realty Mortgage, Inc, a specialty finance company, focuses on the origination, investment, and management of commercial real estate loans primarily in the Western United States. It offers customized short-term loans to small and middle-market investors and developers; and holds investments in real estate properties.

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Dividend History for Owens Realty Mortgage (NYSEAMERICAN:ORM)

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