Orchard Funding Group PLC (LON:ORCH) announced a dividend on Tuesday, October 17th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 7th will be paid a dividend of GBX 2 ($0.03) per share on Friday, December 22nd. This represents a yield of 1.95%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Orchard Funding Group’s previous dividend of $1.00. The official announcement can be accessed at this link.
Shares of Orchard Funding Group (LON ORCH) opened at GBX 103.75 ($1.40) on Wednesday. Orchard Funding Group has a one year low of GBX 82.62 ($1.11) and a one year high of GBX 106 ($1.43).
Separately, FinnCap upped their target price on shares of Orchard Funding Group from GBX 115 ($1.55) to GBX 130 ($1.75) and gave the stock a “corporate” rating in a research report on Tuesday, October 17th.
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Orchard Funding Group plc is a finance company. The Company specializes in insurance premium finance and the professional fee funding market. The Company provides funding and funding support systems to insurance brokers and professional firms through the trading subsidiaries. The Company’s segments include insurance premium funding and professional fee funding.
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