Orchard Funding Group (LON:ORCH) Hits New 1-Year High After Dividend Announcement

Orchard Funding Group plc (LON:ORCH)’s share price reached a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 44 ($0.57) and last traded at GBX 40 ($0.52), with a volume of 129137 shares. The stock had previously closed at GBX 38 ($0.49).

The newly announced dividend which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 7.02%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Orchard Funding Group’s previous dividend of $1.00. Orchard Funding Group’s payout ratio is presently 4,285.71%.

Orchard Funding Group Stock Up 5.3 %

The company has a debt-to-equity ratio of 212.80, a quick ratio of 1.86 and a current ratio of 1.50. The firm has a market capitalization of £8.54 million, a PE ratio of 571.43 and a beta of -0.13. The company’s 50 day simple moving average is GBX 28.76 and its 200-day simple moving average is GBX 27.25.

Orchard Funding Group (LON:ORCH) last posted its earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.09) EPS for the quarter. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%. On average, analysts forecast that Orchard Funding Group plc will post 6.58 EPS for the current fiscal year.

Orchard Funding Group Company Profile

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.