Orion Office REIT Inc. (NYSE:ONL) Shareholders Set to Receive $0.02 Quarterly Dividend

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, December 31st will be given a dividend of $0.02 per share on Friday, January 15th. This represents a $0.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, December 31st.

Orion Office REIT Trading Up 7.9%

Shares of Orion Office REIT stock traded up $0.18 during trading hours on Friday, reaching $2.54. The stock had a trading volume of 136,499 shares, compared to its average volume of 348,436. Orion Office REIT has a 1 year low of $1.89 and a 1 year high of $3.05. The firm has a 50 day simple moving average of $2.42 and a two-hundred day simple moving average of $2.56. The firm has a market capitalization of $144.06 million, a price-to-earnings ratio of -1.50 and a beta of 1.59. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.68.

Orion Office REIT (NYSE:ONL) last posted its earnings results on Thursday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.28. The business had revenue of $35.43 million for the quarter, compared to analysts’ expectations of $33.69 million. Orion Office REIT had a negative net margin of 65.66% and a negative return on equity of 14.85%.

Orion Office REIT Company Profile

Orion Office REIT Inc (NYSE: ONL) is a real estate investment trust focused on owning and managing office properties. Its portfolio has primarily consisted of office buildings leased to single tenants, with an emphasis on properties occupied by creditworthy tenants and supported by long-term leases.

The company was formed through a 2021 spin-off from Realty Income Corporation. At the time of the separation, Orion Office REIT received a portfolio of office properties located across multiple U.S.