Orchid Island Capital (NYSE:ORC – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Orchid Island Capital to post earnings of ($0.05) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Orchid Island Capital Stock Performance
Shares of NYSE:ORC opened at $8.03 on Thursday. The business’s fifty day moving average price is $8.11 and its two-hundred day moving average price is $8.33. The stock has a market cap of $425.12 million, a PE ratio of -15.14 and a beta of 1.85. Orchid Island Capital has a one year low of $5.90 and a one year high of $9.08.
Orchid Island Capital Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 17.94%. Orchid Island Capital’s dividend payout ratio is currently -271.70%.
Wall Street Analyst Weigh In
Get Our Latest 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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