Orchid Island Capital (NYSE:ORC – Get Free Report) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.050–0.050 for the period, compared to the consensus EPS estimate of -0.070. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research note on Wednesday, August 28th.
Orchid Island Capital Trading Up 1.2 %
Orchid Island Capital Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 17.65%. The ex-dividend date of this dividend is Thursday, October 31st. Orchid Island Capital’s dividend payout ratio is -165.52%.
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.
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