Orchid Island Capital (ORC) Declares $0.14 Monthly Dividend; 18.2% Yield

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Orchid Island Capital Announces March 2017 Monthly Dividend and February 28, 2017 RMBS Portfolio Characteristics

March 8, 2017 5:15 PM EST

March 2017 Monthly Dividend of $0.14 Per ShareRMBS Portfolio Characteristics as of February 28, 2017

VERO BEACH, Fla., March 08, 2017 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the Company) (NYSE: ORC) announced today that the Board of Directors declared a monthly cash dividend for the month of March 2017. The dividend of $0.14 per share will be paid April 10, 2017, to holders of record on March 31, 2017, with an ex-dividend date of March 29, 2017. 

The Company intends to make regular monthly cash distributions to its stockholders. In order to qualify as a real estate... More