Orchid Island Capital (ORC) to Release Earnings on Thursday

Orchid Island Capital (NYSE:ORC) is anticipated to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Orchid Island Capital to post earnings of ($0.03) per share and revenue of $4,236.50 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter last year, the firm earned ($0.28) earnings per share. On average, analysts expect Orchid Island Capital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Orchid Island Capital Trading Down 0.9 %

Shares of ORC stock opened at $7.95 on Thursday. The company has a market capitalization of $634.41 million, a P/E ratio of 7.57 and a beta of 1.82. The business’s 50 day moving average is $7.88 and its two-hundred day moving average is $8.02. Orchid Island Capital has a twelve month low of $7.41 and a twelve month high of $9.08.

Orchid Island Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 18.12%. The ex-dividend date is Friday, January 31st. Orchid Island Capital’s dividend payout ratio (DPR) is presently 137.14%.

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.