Orion Office REIT Inc. (NYSE:ONL) Shareholders to Collect $0.02 Quarterly Dividend

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.02 per share on Friday, January 15th. This represents a $0.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, December 31st.

Orion Office REIT Trading Up 7.4%

NYSE:ONL opened at $2.52 on Friday. The firm has a market cap of $143.50 million, a PE ratio of -1.40 and a beta of 1.59. The stock has a fifty day moving average price of $2.42 and a 200 day moving average price of $2.56. Orion Office REIT has a 12-month low of $1.89 and a 12-month high of $3.05. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.68.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.28. Orion Office REIT had a negative return on equity of 14.85% and a negative net margin of 65.66%. The company had revenue of $35.43 million for the quarter, compared to the consensus estimate of $33.69 million.

About Orion Office REIT

Orion Office REIT Inc (NYSE: ONL) is a real estate investment trust focused on owning and managing office properties. Its portfolio has primarily consisted of office buildings leased to single tenants, with an emphasis on properties occupied by creditworthy tenants and supported by long-term leases.

The company was formed through a 2021 spin-off from Realty Income Corporation. At the time of the separation, Orion Office REIT received a portfolio of office properties located across multiple U.S.