Orchid Island Capital, Inc. (NYSE:ORC) Announces $0.12 Monthly Dividend

Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, February 27th. This represents a $1.44 dividend on an annualized basis and a yield of 18.41%. The ex-dividend date of this dividend is Friday, January 31st.

Orchid Island Capital has increased its dividend payment by an average of 7.8% annually over the last three years.

Orchid Island Capital Stock Down 0.4 %

Shares of Orchid Island Capital stock traded down $0.03 during trading hours on Thursday, reaching $7.82. 1,403,891 shares of the stock traded hands, compared to its average volume of 2,127,905. The company has a 50 day moving average price of $7.84 and a 200 day moving average price of $8.06. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.08. The firm has a market capitalization of $624.43 million, a price-to-earnings ratio of 7.45 and a beta of 1.82.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter in the previous year, the firm earned ($0.28) EPS. Sell-side analysts anticipate that Orchid Island Capital will post -0.25 earnings per share for the current year.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.