Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) declared a aug 25 dividend on Wednesday, August 13th, RTT News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, September 29th. This represents a dividend yield of 2,010.0%. The ex-dividend date is Friday, August 29th.
Orchid Island Capital has a payout ratio of 182.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Orchid Island Capital to earn $0.43 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 334.9%.
Orchid Island Capital Trading Down 0.1%
Shares of NYSE:ORC traded down $0.01 during midday trading on Monday, reaching $7.15. The company had a trading volume of 727,432 shares, compared to its average volume of 3,695,357. The company's 50 day moving average price is $7.11 and its 200 day moving average price is $7.40. The stock has a market cap of $905.49 million, a P/E ratio of 35.73 and a beta of 1.47. Orchid Island Capital has a 52-week low of $5.68 and a 52-week high of $9.01.
Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $23.15 million during the quarter, compared to the consensus estimate of $23.25 million. Research analysts forecast that Orchid Island Capital will post 0.37 EPS for the current fiscal year.
About Orchid Island Capital
(
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.
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