Orchard Funding Group plc (ORCH) to Issue Dividend of GBX 2 on June 25th

Orchard Funding Group plc (LON:ORCH) announced a dividend on Monday, March 31st, DividendData.Co.Uk reports. Investors of record on Thursday, June 12th will be given a dividend of GBX 2 ($0.03) per share on Wednesday, June 25th. This represents a yield of 7.02%. The ex-dividend date is Thursday, June 12th. This is a 100.0% increase from Orchard Funding Group’s previous dividend of $1.00. The official announcement can be accessed at this link.

Orchard Funding Group Stock Performance

Shares of Orchard Funding Group stock opened at GBX 52 ($0.70) on Tuesday. The stock’s fifty day moving average is GBX 39.50 and its two-hundred day moving average is GBX 32.12. The company has a market capitalization of £11.10 million, a PE ratio of 742.86 and a beta of -0.13. The company has a quick ratio of 1.86, a current ratio of 1.50 and a debt-to-equity ratio of 212.80. Orchard Funding Group has a 52 week low of GBX 16.75 ($0.23) and a 52 week high of GBX 52.17 ($0.71).

Orchard Funding Group (LON:ORCH) last posted its quarterly earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.10) earnings per share (EPS) for the quarter. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%. As a group, analysts expect that Orchard Funding Group will post 6.58 earnings per share for the current year.

About Orchard Funding Group

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.