Orchard Funding Group (LON:ORCH) Trading Up 19.3% After Dividend Announcement

Orchard Funding Group plc (LON:ORCH) shares shot up 19.3% during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as GBX 34 ($0.44) and last traded at GBX 34 ($0.44). 214,796 shares changed hands during mid-day trading, an increase of 916% from the average session volume of 21,137 shares. The stock had previously closed at GBX 28.50 ($0.37).

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

Orchard Funding Group Trading Up 7.5 %

The company has a 50 day simple moving average of GBX 28.97 and a 200 day simple moving average of GBX 27.36. The company has a current ratio of 1.50, a quick ratio of 1.86 and a debt-to-equity ratio of 212.80. The stock has a market capitalization of £9.18 million, a PE ratio of 614.29 and a beta of -0.13.

Orchard Funding Group (LON:ORCH) last released its quarterly earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.09) EPS for the quarter. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%. Analysts predict that Orchard Funding Group plc will post 6.58 earnings per share for the current fiscal 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.