Orchid Island Capital, Inc. (ORC) to Issue Monthly Dividend of $0.12 on February 27th

Posted by Alanna Baker on Jan 29th, 2025

Orchid Island Capital, Inc. (NYSE:ORC – Get Free Report) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 18.06%. The ex-dividend date is Friday, January 31st.

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

Orchid Island Capital Stock Up 0.9 %

Shares of NYSE ORC opened at $7.98 on Wednesday. The company has a market capitalization of $636.80 million, a PE ratio of 7.60 and a beta of 1.82. The stock’s 50 day moving average price is $7.89 and its 200-day moving average price is $8.01. Orchid Island Capital has a twelve month low of $7.41 and a twelve month high of $9.08.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

View Our Latest Analysis on ORC

Orchid Island Capital Company Profile

(Get Free Report)

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.