Orchid Island Capital (NYSE:ORC – Get Free Report) will announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Orchid Island Capital Stock Down 1.6 %
ORC stock opened at $7.87 on Wednesday. The business’s 50-day moving average price is $8.11 and its 200-day moving average price is $8.30. The stock has a market cap of $561.09 million, a P/E ratio of -9.04 and a beta of 1.85. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $9.08.
Orchid Island Capital Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 18.31%. The ex-dividend date is Thursday, October 31st. Orchid Island Capital’s dividend payout ratio is currently -165.52%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report 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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