Orchard Funding Group (LON:ORCH) Sets New 12-Month High After Dividend Announcement

Shares of Orchard Funding Group plc (LON:ORCH) hit a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 44 ($0.57) and last traded at GBX 40 ($0.52), with a volume of 129137 shares. The stock had previously closed at GBX 38 ($0.49).

The newly announced dividend which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th will be issued a GBX 2 ($0.03) dividend. This represents a yield of 7.02%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Orchard Funding Group’s previous dividend of $1.00. Orchard Funding Group’s dividend payout ratio is presently 4,285.71%.

Orchard Funding Group Stock Up 5.3 %

The stock has a market capitalization of £8.54 million, a price-to-earnings ratio of 571.43 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. The stock has a 50 day moving average price of GBX 28.76 and a 200 day moving average price of GBX 27.25.

Orchard Funding Group (LON:ORCH) last issued its quarterly earnings data 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%. As a group, analysts forecast that Orchard Funding Group plc will post 6.58 EPS 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.