share_log

Orchid Island Alerts Stockholders To Dividend Payment Issue; An Inadvertent Administrative Error At DTC Resulted In Brokers Not Receiving The Full Amount Of The Dividend, The Company Is Working To Resolve This Issue As Soon As Possible

Benzinga Real-time News ·  Sep 29, 2022 13:08

Orchid Island Capital, Inc. (the "Company") (NYSE:ORC) has become aware of an issue with stockholders of record of the Company's common stock on August 31, 2022 not receiving the full monthly cash dividend for the month of August 2022 of $0.16 per share that should have been paid on September 28, 2022. The Company fully funded this $0.16 per share dividend by making payment to its transfer agent prior to September 28, 2022. The Company understands that an inadvertent administrative error at DTC resulted in brokers not receiving the full amount of the dividend. The Company is working to resolve this issue as soon as possible.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment