Orchid Island Capital, Inc. (ORC) To Go Ex-Dividend on November 30th

Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly dividend on Tuesday, November 10th. Investors of record on Monday, November 30th will be paid a dividend of $0.10 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.20 annualized dividend and a yield of 25.0%. The ex-dividend date is Monday, November 30th.

Orchid Island Capital has decreased its dividend by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Orchid Island Capital has a dividend payout ratio of 151.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Orchid Island Capital Price Performance

ORC stock opened at $4.79 on Thursday. The business has a 50-day moving average price of $5.44 and a 200 day moving average price of $6.61. The company has a market capitalization of $925.39 million, a P/E ratio of 5.00 and a beta of 1.64. Orchid Island Capital has a 1-year low of $4.70 and a 1-year high of $8.40.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.19). The company had revenue of $59.13 million for the quarter, compared to the consensus estimate of $73.41 million.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc. is a mortgage real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS). Its portfolio focuses on agency RMBS, whose principal and interest payments are guaranteed by U.S. government-sponsored enterprises or agencies, including Fannie Mae, Freddie Mac and Ginnie Mae. The company’s investments include mortgage pass-through securities and structured mortgage securities tied to U.S. residential loans. Orchid Island Capital seeks to generate income from its portfolio and finances its investments through borrowings, including repurchase agreements.