Orchid Island Capital, Inc. to Issue Monthly Dividend of $0.12 (NYSE:ORC)

Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly dividend on Thursday, January 9th,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 annualized dividend and a yield of 18.41%. The ex-dividend date is Friday, January 31st.

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

Orchid Island Capital Trading Down 0.4 %

Shares of ORC traded down $0.03 during midday trading on Thursday, hitting $7.82. 1,403,891 shares of the company’s stock traded hands, compared to its average volume of 2,127,905. The stock has a market capitalization of $624.43 million, a price-to-earnings ratio of 7.45 and a beta of 1.82. Orchid Island Capital has a 1 year low of $7.41 and a 1 year high of $9.08. The firm’s fifty day moving average is $7.84 and its 200-day moving average is $8.06.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). During the same period last year, the company posted ($0.28) earnings per share. On average, equities research analysts anticipate that Orchid Island Capital will post -0.25 EPS for the current 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.