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 Apr 13, 2016. The shares will quote ex-dividend on Apr 22, 2016 and the record date has been fixed on Apr 26, 2016. At Apr 13, 2016 share price, the yield comes out to be 15.4554%. The dividend payable date has been fixed on Apr 29, 2016.

Orchid Island Capital Inc (ORC) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.38% at a volume of 3,87,475. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.68. The peak price level was also seen at $10.68 while the days lowest was $10.45. Finally the shares closed at $10.6. The 52-week high of the shares is $14.25 while the 52-week low is $7.133. According to the latest information available, the market cap of the company is $231 M.

Orchid Island Capital Inc(ORC) last announced its earnings results on Feb 24, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $16.72M. Analysts had an estimated revenue of $15.48M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.45.

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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