As real estate investment trusts (REITs) are required to distribute 90% of their taxable income to shareholders through dividend payments, and the rise in interest rates should prove to be a positive … Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. Orchid Island Capital declared a monthly dividend on Monday, September 11th.
- The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
- The Company invests in residential mortgage-backed securities.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- Orchid Island Capital issued an update on its second quarter 2023 earnings guidance on Friday, July, 14th.
Style is calculated by combining value and growth scores, which are first individually calculated. 5 employees have rated Orchid Island Capital Chief Executive Officer Torben Munch on Glassdoor.com. Torben Munch has an approval rating of 63% among the company’s employees. This puts Torben Munch in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of ORC stock can currently be purchased for approximately $8.51.
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Investors of record on Friday, September 29th will be paid a dividend of $0.16 per share on Friday, October 27th. This represents a $1.92 annualized dividend and a dividend yield of 22.56%. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. REITs are dividend-paying entities that own or finance real estate. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Earnings Scheduled For April 27, 2023
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Orchid Island Capital, Inc. operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS).
Orchid Island Capital issued an update on its second quarter 2023 earnings guidance on Friday, July, 14th. The company provided earnings per share guidance of -$0.34–$0.34 for the period, compared to the consensus estimate of -$0.01. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
NYSE: ORC
Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage If You Can obligations. The structured Agency RMBS consist of interest only, inverse interest only, and principal only securities. The company was founded on August 17, 2010 and is headquartered in Vero Beach, FL.
As of September 15th, there was short interest totaling 1,950,000 shares, a drop of 33.4% from the August 31st total of 2,930,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is presently 1.5 days. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Despite the 17% dividend yield, investors need to tread carefully when they consider this mortgage REIT.
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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Over the past three years, the company’s dividend has not grown. Orchid Island Capital’s most recent ex-dividend date was Thursday, September 28, 2023. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
Orchid Island Capital’s stock was trading at $10.50 at the beginning of 2023. Since then, ORC stock has decreased by 19.0% and is now trading at $8.51. Sign-up to receive the latest news and ratings for Orchid Island Capital and its competitors with MarketBeat’s FREE daily newsletter.
The Company invests in residential mortgage-backed securities. Orchid Island Capital serves customers in the State of Florida. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. trend trading Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
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High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
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