Owens Realty Mortgage Inc (ORM) to Issue Quarterly Dividend of $0.24 on March 28th
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.
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.
Featured Story: Bond
Receive News & Ratings for Owens Realty Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Realty Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.