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

Orion Office REIT Inc. (NYSE:ONL) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.10 per share on Wednesday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend is Tuesday, December 31st.

Orion Office REIT Stock Performance

ONL stock traded up $0.09 during midday trading on Friday, reaching $4.06. 217,269 shares of the company’s stock traded hands, compared to its average volume of 398,806. Orion Office REIT has a 52-week low of $3.01 and a 52-week high of $6.22. The stock has a market cap of $227.15 million, a P/E ratio of -2.41 and a beta of 0.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $3.98 and its 200 day moving average is $3.76.

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.