Orchard Funding Group plc (LON:ORCH) Raises Dividend to GBX 2 Per Share

Orchard Funding Group plc (LON:ORCH) declared a dividend on Monday, March 31st, DividendData.Co.Uk reports. Shareholders of record on Thursday, June 12th will be given a dividend of GBX 2 ($0.03) per share on Wednesday, June 25th. This represents a yield of 7.02%. The ex-dividend date is Thursday, June 12th. This is a 100.0% increase from Orchard Funding Group’s previous dividend of $1.00. The official announcement can be accessed at this link.

Orchard Funding Group Trading Down 4.7 %

Shares of ORCH stock opened at GBX 36.20 ($0.47) on Tuesday. The company has a market cap of £7.73 million, a PE ratio of 517.14 and a beta of -0.13. Orchard Funding Group has a 12 month low of GBX 14 ($0.18) and a 12 month high of GBX 40.80 ($0.53). The company has a quick ratio of 1.86, a current ratio of 1.50 and a debt-to-equity ratio of 212.80. The business’s 50 day moving average is GBX 28.76 and its two-hundred day moving average is GBX 27.25.

Orchard Funding Group (LON:ORCH) last issued its quarterly earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.09) earnings per share for the quarter. Orchard Funding Group had a net margin of 23.07% and a return on equity of 8.62%. Equities analysts predict that Orchard Funding Group will post 6.58 EPS for the current 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.