7.61
1.20%
0.09
After Hours:
7.63
0.02
+0.26%
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Stock Split
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Orchid Island Capital Inc (ORC) Stock Split History
Orchid Island Capital Inc has split its stock once since its initial public offering (IPO). The stock split of Orchid Island Capital Inc occurred on August 31, 2022 on a 1-for-5 basis, meaning that for 5 shares of ORC owned pre-split, shareholders then owned 1 share.
This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Orchid Island Capital Inc's total market capitalization.
This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Orchid Island Capital Inc's total market capitalization.
ORC stock split list
Date | Split Ratio |
---|---|
2022-08-31 | 1 - for - 5 |
Will Orchid Island Capital Inc Stock Split in 2024?
The answer will depend on the decisions of the company's managers and market volatility. Orchid Island Capital Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ORC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Orchid Island Capital Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
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