Orion Office REIT Inc. Plans Quarterly Dividend of $0.02 (NYSE:ONL)

Key Points

• Orion Office REIT Inc. declared a quarterly dividend of $0.02 per share, set to be paid on October 15th to shareholders on record as of September 30th, reflecting a 2.9% annualized yield.
• The stock of Orion Office REIT saw a slight decline of 0.4%, trading at $2.75, with a market capitalization of $154.85 million and a 12-month high of $4.32.
• In its latest quarterly earnings report, the company posted an EPS of $0.20 but reported a negative net margin of 50.67% and a negative return on equity of 10.15%.

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) declared a quarterly dividend on Tuesday, August 5th. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.02 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 30th.

Orion Office REIT Stock Down 0.4%

NYSE:ONL traded down $0.01 during mid-day trading on Friday, hitting $2.75. The stock had a trading volume of 86,859 shares, compared to its average volume of 232,205. The stock has a 50-day simple moving average of $2.75 and a two-hundred day simple moving average of $2.28. The company has a market capitalization of $154.85 million, a PE ratio of -1.98 and a beta of 1.44. Orion Office REIT has a twelve month low of $1.46 and a twelve month high of $4.32. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66.

Orion Office REIT (NYSE:ONL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.20 EPS for the quarter. Orion Office REIT had a negative net margin of 50.67% and a negative return on equity of 10.15%. The company had revenue of $37.31 million during the quarter.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.

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