Orchid Island Capital, Inc. ( ORC ) will begin trading ex-dividend on December 22, 2015. A cash dividend payment of $0.14 per share is scheduled to be paid on December 30, 2015. Shareholders who purchased ORC prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that ORC has paid the same dividend. At the current stock price of $9.58, the dividend yield is 17.54%.
The previous trading day's last sale of ORC was $9.58, representing a -32.77% decrease from the 52 week high of $14.25 and a 34.31% increase over the 52 week low of $7.13.
ORC is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and Public Storage ( PSA ). ORC's current earnings per share, an indicator of a company's profitability, is $.01. Zacks Investment Research reports ORC's forecasted earnings growth in 2015 as -28.23%, compared to an industry average of -2.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.