Orchid Island Capital Inc(NYSE:ORC) Declares Dividend of $0.1400.

Orchid Island Capital Inc (NYSE:ORC) had declared a cash dividend of $0.1400 on Jun 9, 2016. The shares will quote ex-dividend on Jun 24, 2016 and the record date has been fixed for Jun 28, 2016. On Jun 9, 2016 share price, the yield comes out to be 16.0766%. The dividend payable date has been fixed on Jun 30, 2016.

Orchid Island Capital Inc (ORC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.10% or 0.01 points. Due to strong positive momentum, the stock ended at $10.38, which is also near the day’s high of $10.44. The stock began the session at $10.32 and the volume stood at 1,99,156 shares. The 52-week high of the shares is $13.52 and the 52 week low is $7.133. The company has a current market capitalization of $226 M and it has 2,17,83,356 shares in outstanding.

Orchid Island Capital Inc(ORC) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $17.15M. Analysts had an estimated revenue of $16.32M. Earnings per share were $-0.21.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2015, Capital Management, Inc Bimini (10% owner) purchased 29,165 shares at $8.42 per share price.Also, On Sep 1, 2015, John Van Heuvelen (director) purchased 19,000 shares at $9.11 per share price.On Aug 24, 2015, G Hunter Iv Haas (CFO) purchased 3,000 shares at $8.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Orchid Island Capital Inc. (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Company’s portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS such as collateralized mortgage obligations (CMOs) interest only securities (IOs) inverse interest only securities (IIOs) and principal only securities (POs) among other types of structured Agency RMBS. The Company is managed and advised by Bimini Advisors LLC.

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