Orchid Island Capital, Inc. ( NYSE:ORC – Get Rating ) announced a monthly dividend on Wednesday, May 10th, Zacks reports. Stockholders of record on Wednesday, May 31st will be given a dividend of 0.16 per share by the real estate investment trust on Wednesday, June 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 19.20%. The ex-dividend date of this dividend is Tuesday, May 30th. Orchid Island Capital has decreased its dividend by an average of 18.1% per year over the last three years.

https://www.dailypolitical.com/2023/05/12/orchid-island-capital-inc-declares-monthly-dividend-of-0-16-nyseorc.html

#dailypolitical