Orchard Funding Group plc (LON:ORCH) Announces Dividend Increase – GBX 2 Per Share

Orchard Funding Group plc (LON:ORCH) announced a dividend on Monday, March 31st, DividendData.Co.Uk reports. Stockholders 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 dividend 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 viewed at this link.

Orchard Funding Group Stock Performance

LON ORCH opened at GBX 32 ($0.41) on Monday. The company has a debt-to-equity ratio of 212.80, a quick ratio of 1.86 and a current ratio of 1.50. The stock’s fifty day moving average is GBX 28.60 and its two-hundred day moving average is GBX 27.15. The firm has a market capitalization of £6.83 million, a P/E ratio of 457.14 and a beta of -0.13. Orchard Funding Group has a fifty-two week low of GBX 14 ($0.18) and a fifty-two week high of GBX 40 ($0.52).

Orchard Funding Group (LON:ORCH) last announced its quarterly earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.09) earnings per share for the quarter. Orchard Funding Group had a net margin of 23.07% and a return on equity of 8.62%. On average, research analysts anticipate that Orchard Funding Group will post 6.58 earnings per share for the current year.

Orchard Funding Group Company Profile

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.