Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Monday, March 25th will be paid a dividend of 0.24 per share by the financial services provider on Thursday, March 28th. This represents a $0.96 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Friday, March 22nd. This is a positive change from Owens Realty Mortgage’s previous quarterly dividend of $0.20.
Owens Realty Mortgage has raised its dividend payment by an average of 33.1% per year over the last three years and has raised its dividend every year for the last 5 years.
Shares of ORM opened at $21.03 on Friday. Owens Realty Mortgage has a 12-month low of $13.77 and a 12-month high of $22.95.
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Owens Realty Mortgage Company Profile
Owens Realty Mortgage, Inc, a specialty finance company, focuses on the origination, investment, and management of commercial real estate loans primarily in the Western United States. It offers customized short-term loans to small and middle-market investors and developers; and holds investments in real estate properties.
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