Cash Dividend On The Way From Orchid Island Capital (ORC)

Looking at the universe of stocks we cover at Dividend Channel, on 2/21/14, Orchid Island Capital, Inc. ( ORC) will trade ex-dividend, for its monthly dividend of $0.18, payable on 2/28/14. As a percentage of ORC's recent stock price of $12.69, this dividend works out to approximately 1.42%, so look for shares of Orchid Island Capital, Inc. to trade 1.42% lower — all else being equal — when ORC shares open for trading on 2/21/14.

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Below is a dividend history chart for ORC, showing historical dividends prior to the most recent $0.18 declared by Orchid Island Capital, Inc.:

ORC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ORC is likely to continue, and whether the current estimated yield of 17.03% on annualized basis is a reasonable expectation of annual yield going forward.

In Wednesday trading, Orchid Island Capital, Inc. shares are currently up about 1.1% on the day.

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