Saturday, September 03, 2022 9:34:11 AM
"Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%.
However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently been below $3, with a dividend of $0.045 per month or an annual dividend yield of over 18%. The last three quarters have seen negative earnings per share (EPS) and revenue. Clearly, things have not been going well.
But there was breaking news on the company this week — Orchid announced a 1:5 reverse stock split, so the stock opened this morning at $13.60."
https://finance.yahoo.com/news/dividend-cuts-could-around-corner-161039022.html
Recent ORC News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:53:54 PM
- Orchid Island Capital Announces May 2024 Monthly Dividend and April 30, 2024 RMBS Portfolio Characteristics • Business Wire • 05/08/2024 08:06:00 PM
- Orchid Island Capital Announces First Quarter 2024 Results • Business Wire • 04/25/2024 08:01:00 PM
- Orchid Island Capital Announces Estimated First Quarter 2024 Results, April 2024 Monthly Dividend and March 31, 2024 RMBS Portfolio Characteristics • Business Wire • 04/10/2024 08:10:00 PM
- Orchid Island Capital to Announce First Quarter 2024 Results • Business Wire • 04/04/2024 08:22:00 PM
- Orchid Island Capital Announces March 2024 Monthly Dividend and February 29, 2024 RMBS Portfolio Characteristics • Business Wire • 03/13/2024 08:52:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:08:55 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/23/2024 06:10:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 10:05:31 PM
- Orchid Island Capital Announces February 2024 Monthly Dividend and January 31, 2024 RMBS Portfolio Characteristics • Business Wire • 02/14/2024 09:50:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 09:47:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/01/2024 09:45:58 PM
- Orchid Island Capital Announces Fourth Quarter 2023 Results • Business Wire • 02/01/2024 09:05:00 PM
- Orchid Island Capital to Announce Fourth Quarter 2023 Results • Business Wire • 01/18/2024 03:33:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/10/2024 10:23:46 PM
- Orchid Island Capital Announces Estimated Fourth Quarter 2023 Results, January 2024 Monthly Dividend and December 31, 2023 RMBS Portfolio Characteristics • Business Wire • 01/10/2024 09:31:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 01:05:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 01:03:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 01:02:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:47:38 PM
- Orchid Island Capital Announces December 2023 Monthly Dividend and November 30, 2023 RMBS Portfolio Characteristics • Business Wire • 12/12/2023 09:33:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/01/2023 11:55:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:02:52 PM
- Orchid Island Capital Announces November 2023 Monthly Dividend and October 31, 2023 RMBS Portfolio Characteristics • Business Wire • 11/15/2023 09:50:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM