Orchid Island Capital, Inc. (ORC) To Go Ex-Dividend on November 29th

Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, December 30th. This represents a $1.44 dividend on an annualized basis and a yield of 18.24%. The ex-dividend date of this dividend is Friday, November 29th.

Orchid Island Capital has increased its dividend payment by an average of 164.3% per year over the last three years. Orchid Island Capital has a payout ratio of 1,309.1% 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 $0.22 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 654.5%.

Orchid Island Capital Trading Down 0.4 %

Shares of Orchid Island Capital stock opened at $7.90 on Wednesday. The stock’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $8.19. The company has a market capitalization of $619.13 million, a PE ratio of 7.52 and a beta of 1.85. Orchid Island Capital has a 12 month low of $7.30 and a 12 month high of $9.08.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same period in the prior year, the firm posted ($0.28) earnings per share. Analysts predict that Orchid Island Capital will post -0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research report on Wednesday, August 28th.

Orchid Island Capital Company Profile

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.