Owens Realty Mortgage Inc (ORM) Announces Dividend Increase – $0.24 Per Share

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.

An institutional investor recently raised its position in Owens Realty Mortgage stock. Geode Capital Management LLC raised its position in shares of Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,843 shares of the financial services provider’s stock after buying an additional 3,775 shares during the quarter. Geode Capital Management LLC owned about 1.18% of Owens Realty Mortgage worth $1,876,000 as of its most recent SEC filing.

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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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Dividend History for Owens Realty Mortgage (NYSEAMERICAN:ORM)

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