Orion Office REIT Inc. Announces Quarterly Dividend of $0.10 (NYSE:ONL)

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.10 per share on Monday, July 15th. This represents a $0.40 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend is Friday, June 28th.

Orion Office REIT Stock Performance

ONL stock remained flat at $3.33 during midday trading on Wednesday. 118,249 shares of the company’s stock were exchanged, compared to its average volume of 465,893. The firm has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $4.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55. Orion Office REIT has a fifty-two week low of $3.01 and a fifty-two week high of $7.07.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market perform” rating on shares of Orion Office REIT in a research note on Tuesday, June 11th.

Orion Office REIT Company Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.