Orchid Island Capital, Inc. (ORC) To Go Ex-Dividend on January 31st

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

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

Orchid Island Capital Trading Down 0.4 %

ORC stock opened at $7.82 on Friday. The stock has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $8.06. The company has a market cap of $624.43 million, a PE ratio of 7.45 and a beta of 1.82. Orchid Island Capital has a 12-month low of $7.41 and a 12-month high of $9.08.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same quarter last year, the company posted ($0.28) EPS. Equities analysts forecast that Orchid Island Capital will post -0.25 EPS for the current fiscal year.

About Orchid Island Capital

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.