Orchid Island Capital (NYSE:ORC – Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Orchid Island Capital Stock Up 0.6 %
NYSE ORC opened at $8.31 on Tuesday. The firm has a market cap of $426.30 million, a price-to-earnings ratio of -10.13 and a beta of 1.83. The business has a 50-day moving average price of $8.55 and a 200-day moving average price of $8.05. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $11.27.
Orchid Island Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.33%. The ex-dividend date of this dividend is Monday, April 29th. Orchid Island Capital’s dividend payout ratio (DPR) is -175.61%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on ORC
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.
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