StockNews.com began coverage on shares of Orchid Island Capital (NYSE:ORC – Get Rating) in a research report report published on Thursday. The brokerage issued a sell rating on the real estate investment trust’s stock.
Orchid Island Capital Stock Down 2.7 %
NYSE:ORC opened at $9.97 on Thursday. Orchid Island Capital has a 52-week low of $7.95 and a 52-week high of $17.15. The stock has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $10.89.
Orchid Island Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Friday, March 31st will be given a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 19.26%. The ex-dividend date is Thursday, March 30th. Orchid Island Capital’s dividend payout ratio is presently -26.12%.
Hedge Funds Weigh In On Orchid Island Capital
About Orchid Island Capital
Orchid Island Capital, Inc operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage obligations.
- Get a free copy of the StockNews.com research report on Orchid Island Capital (ORC)
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