Orchard Funding Group (LON:ORCH) Sets New 52-Week High Following Dividend Announcement

Orchard Funding Group plc (LON:ORCH)’s stock price hit a new 52-week high on Tuesday following a dividend announcement from the company. The company 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. Stockholders of record on Thursday, June 12th will be given 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 is presently 4,285.71%.

Orchard Funding Group Price Performance

The company has a debt-to-equity ratio of 212.80, a current ratio of 1.50 and a quick ratio of 1.86. The company has a market capitalization of £8.54 million, a P/E ratio of 571.43 and a beta of -0.13. The firm’s 50-day moving average is GBX 28.97 and its 200-day moving average is GBX 27.36.

Orchard Funding Group (LON:ORCH) last posted its quarterly earnings data 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 EPS 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.