Replies to post #1726 on Orchid Island Capital Inc. (ORC)

[Scotttrader80]

ROFLMAO ORC already announced their divy cut, apparently the author isnt on his game

[leftovers]

seems to me that was the reason for the split! already the first day it is in the 12's..

Reverse stock splits are often seen as negative by Wall Street and are sometimes a desperate move by a troubled company trying to avoid a delisting or simply to pump up its image. With this reverse split, Orchid announced a monthly dividend of $0.16 per share. When adjusted for the split, that equates to a nearly 29% reduction which might not be the end of the company's dividend cuts this year.