Orchid Island Capital Announces February 2025 Monthly Dividend and January 31, 2025 RMBS Portfolio Characteristics
Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.12 per share for February 2025, payable on March 28, 2025, to stockholders of record as of February 28, 2025. The company plans to announce its next dividend on March 19, 2025.
As of February 12, 2025, ORC had 93,293,628 outstanding common shares, showing an increase from 90,344,128 shares on January 31, 2025, and 82,622,464 shares on December 31, 2024. As a REIT, the company must distribute at least 90% of its taxable income annually to maintain its status, though it has not established a minimum distribution level and cannot guarantee future distributions.
Orchid Island Capital (NYSE: ORC) ha dichiarato un dividendo mensile in contante di $0,12 per azione per febbraio 2025, che sarà pagato il 28 marzo 2025, agli azionisti registrati al 28 febbraio 2025. L'azienda prevede di annunciare il suo prossimo dividendo il 19 marzo 2025.
Al 12 febbraio 2025, ORC aveva 93.293.628 azioni ordinarie in circolazione, mostrando un aumento rispetto alle 90.344.128 azioni del 31 gennaio 2025 e alle 82.622.464 azioni del 31 dicembre 2024. Essendo un REIT, l'azienda deve distribuire almeno il 90% del suo reddito imponibile annualmente per mantenere il suo status, anche se non ha stabilito un livello minimo di distribuzione e non può garantire distribuzioni future.
Orchid Island Capital (NYSE: ORC) ha declarado un dividendo en efectivo mensual de $0.12 por acción para febrero de 2025, que se pagará el 28 de marzo de 2025, a los accionistas registrados al 28 de febrero de 2025. La compañía planea anunciar su próximo dividendo el 19 de marzo de 2025.
Al 12 de febrero de 2025, ORC tenía 93,293,628 acciones ordinarias en circulación, mostrando un aumento desde las 90,344,128 acciones del 31 de enero de 2025 y las 82,622,464 acciones del 31 de diciembre de 2024. Como un REIT, la compañía debe distribuir al menos el 90% de su ingreso imponible anualmente para mantener su estatus, aunque no ha establecido un nivel mínimo de distribución y no puede garantizar distribuciones futuras.
오키드 아일랜드 캐피탈 (NYSE: ORC)는 2025년 2월에 주당 $0.12의 월별 현금 배당금을 선언하였으며, 이는 2025년 3월 28일에 2025년 2월 28일 기준 주주에게 지급됩니다. 회사는 2025년 3월 19일에 다음 배당금을 발표할 계획입니다.
2025년 2월 12일 기준으로 ORC는 93,293,628주의 보통주를 발행하였으며, 이는 2025년 1월 31일의 90,344,128주와 2024년 12월 31일의 82,622,464주에서 증가한 수치입니다. REIT로서 이 회사는 세금이 부과되는 소득의 최소 90%를 매년 분배해야 하며, 최소 분배 수준을 설정하지 않았고 미래의 분배를 보장할 수 없습니다.
Orchid Island Capital (NYSE: ORC) a déclaré un dividende mensuel en espèces de $0,12 par action pour février 2025, payable le 28 mars 2025, aux actionnaires inscrits au 28 février 2025. La société prévoit d'annoncer son prochain dividende le 19 mars 2025.
Au 12 février 2025, ORC avait 93 293 628 actions ordinaires en circulation, ce qui représente une augmentation par rapport aux 90 344 128 actions au 31 janvier 2025 et aux 82 622 464 actions au 31 décembre 2024. En tant que REIT, l'entreprise doit distribuer au moins 90 % de son revenu imposable chaque année pour maintenir son statut, bien qu'elle n'ait pas établi de niveau de distribution minimum et ne puisse garantir de futures distributions.
Orchid Island Capital (NYSE: ORC) hat eine monatliche Bardividende von $0,12 pro Aktie für Februar 2025 erklärt, die am 28. März 2025 an Aktionäre ausgezahlt wird, die am 28. Februar 2025 im Aktienregister stehen. Das Unternehmen plant, seine nächste Dividende am 19. März 2025 bekannt zu geben.
Am 12. Februar 2025 hatte ORC 93.293.628 ausstehende Stammaktien, was einen Anstieg von 90.344.128 Aktien am 31. Januar 2025 und 82.622.464 Aktien am 31. Dezember 2024 zeigt. Als REIT muss das Unternehmen mindestens 90% seines steuerpflichtigen Einkommens jährlich ausschütten, um seinen Status zu wahren, hat jedoch kein Mindestverteilungsniveau festgelegt und kann zukünftige Ausschüttungen nicht garantieren.
- Consistent monthly dividend payment maintained at $0.12 per share
- Significant growth in outstanding shares from 82.6M to 93.3M in 1.5 months
- No minimum distribution level established
- Company explicitly states uncertainty about future distribution ability
- Rapid share count increase suggests potential dilution
- February 2025 Monthly Dividend of
$0.12 Per Share of Common Stock - RMBS Portfolio Characteristics as of January 31, 2025
- Next Dividend Announcement Expected March 19, 2025
VERO BEACH, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of February 2025. The dividend of
The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to
As of February 12, 2025, the Company had 93,293,628 shares of common stock outstanding. As of January 31, 2025, the Company had 90,344,128 shares of common stock outstanding, As of December 31, 2024, the Company had 82,622,464 shares of common stock outstanding.
RMBS Portfolio Characteristics
Details of the RMBS portfolio as of January 31, 2025 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate:
- RMBS Valuation Characteristics
- RMBS Assets by Agency
- Investment Company Act of 1940 (Whole Pool) Test Results
- Repurchase Agreement Exposure by Counterparty
- RMBS Risk Measures
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
| RMBS Valuation Characteristics | ||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Realized | ||||||||||||||||||||||||||||||||||||||||||||||||
| Realized | Nov-24 - | |||||||||||||||||||||||||||||||||||||||||||||||
| Jan-25 | Jan-25 | |||||||||||||||||||||||||||||||||||||||||||||||
| Net | Weighted | CPR | CPR | |||||||||||||||||||||||||||||||||||||||||||||
| Weighted | Average | (1-Month) | (3-Month) | Modeled Interest | ||||||||||||||||||||||||||||||||||||||||||||
| Current | Fair | % of | Current | Average | Maturity | (Reported | (Reported | Rate Sensitivity (1) | ||||||||||||||||||||||||||||||||||||||||
| Type | Face | Value | Portfolio | Price | Coupon | GWAC | Age | (Months) | in Feb) | in Feb) | (-50 BPS) | (+50 BPS) | ||||||||||||||||||||||||||||||||||||
| Fixed Rate RMBS | ||||||||||||||||||||||||||||||||||||||||||||||||
| 30yr 3.0 | $ | 887,865 | $ | 768,917 | 13.69 | % | 86.60 | 3.00 | % | 3.48 | % | 47 | 306 | 5.8 | % | 6.6 | % | $ | 23,425 | $ | (23,693 | ) | ||||||||||||||||||||||||||
| 30yr 3.5 | 174,490 | 156,934 | 2.79 | % | 89.94 | 3.50 | % | 4.04 | % | 59 | 288 | 5.4 | % | 5.9 | % | 4,486 | (4,521 | ) | ||||||||||||||||||||||||||||||
| 30yr 4.0 | 522,535 | 479,803 | 8.54 | % | 91.82 | 4.00 | % | 4.78 | % | 36 | 320 | 2.8 | % | 4.3 | % | 12,775 | (13,411 | ) | ||||||||||||||||||||||||||||||
| 30yr 4.5 | 302,188 | 285,596 | 5.09 | % | 94.51 | 4.50 | % | 5.44 | % | 31 | 325 | 4.9 | % | 7.6 | % | 6,477 | (6,945 | ) | ||||||||||||||||||||||||||||||
| 30yr 5.0 | 571,127 | 553,519 | 9.86 | % | 96.92 | 5.00 | % | 5.94 | % | 26 | 329 | 7.4 | % | 6.2 | % | 11,914 | (12,969 | ) | ||||||||||||||||||||||||||||||
| 30yr 5.5 | 580,027 | 577,435 | 10.28 | % | 99.55 | 5.50 | % | 6.47 | % | 12 | 345 | 4.6 | % | 4.6 | % | 11,753 | (13,147 | ) | ||||||||||||||||||||||||||||||
| 30yr 6.0 | 1,191,167 | 1,209,426 | 21.54 | % | 101.53 | 6.00 | % | 6.98 | % | 13 | 342 | 6.0 | % | 7.8 | % | 19,215 | (22,516 | ) | ||||||||||||||||||||||||||||||
| 30yr 6.5 | 1,207,302 | 1,247,854 | 22.22 | % | 103.36 | 6.50 | % | 7.43 | % | 10 | 346 | 5.7 | % | 10.1 | % | 14,480 | (18,205 | ) | ||||||||||||||||||||||||||||||
| 30yr 7.0 | 305,454 | 320,224 | 5.70 | % | 104.84 | 7.00 | % | 7.94 | % | 15 | 337 | 18.8 | % | 25.6 | % | 2,837 | (3,584 | ) | ||||||||||||||||||||||||||||||
| 30yr Total | 5,742,155 | 5,599,708 | 99.73 | % | 97.52 | 5.21 | % | 6.06 | % | 23 | 331 | 6.2 | % | 8.2 | % | 107,362 | (118,991 | ) | ||||||||||||||||||||||||||||||
| Total Pass-Through MBS | 5,742,155 | 5,599,708 | 99.73 | % | 97.52 | 5.21 | % | 6.06 | % | 23 | 331 | 6.2 | % | 8.2 | % | 107,362 | (118,991 | ) | ||||||||||||||||||||||||||||||
| Structured MBS | ||||||||||||||||||||||||||||||||||||||||||||||||
| IO 20yr 4.0 | 6,870 | 636 | 0.01 | % | 9.27 | 4.00 | % | 4.57 | % | 157 | 77 | 9.2 | % | 9.3 | % | 4 | (4 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 3.0 | 2,588 | 308 | 0.01 | % | 11.91 | 3.00 | % | 3.64 | % | 120 | 230 | 0.7 | % | 0.9 | % | 1 | (2 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 4.0 | 70,724 | 13,399 | 0.24 | % | 18.95 | 4.00 | % | 4.60 | % | 125 | 226 | 4.7 | % | 5.6 | % | (124 | ) | 74 | ||||||||||||||||||||||||||||||
| IO 30yr 4.5 | 3,092 | 567 | 0.01 | % | 18.34 | 4.50 | % | 4.99 | % | 175 | 171 | 8.3 | % | 8.1 | % | - | (1 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 5.0 | 1,664 | 340 | 0.01 | % | 20.40 | 5.00 | % | 5.37 | % | 175 | 173 | 36.5 | % | 19.1 | % | (2 | ) | - | ||||||||||||||||||||||||||||||
| IO Total | 84,938 | 15,250 | 0.27 | % | 17.95 | 4.01 | % | 4.59 | % | 130 | 211 | 5.7 | % | 6.1 | % | (121 | ) | 67 | ||||||||||||||||||||||||||||||
| IIO 30yr 4.0 | 21,763 | 172 | 0.00 | % | 0.79 | 0.00 | % | 4.40 | % | 88 | 260 | 0.5 | % | 0.5 | % | 94 | (62 | ) | ||||||||||||||||||||||||||||||
| Total Structured RMBS | 106,701 | 15,422 | 0.27 | % | 14.45 | 3.19 | % | 4.55 | % | 122 | 221 | 4.6 | % | 5.0 | % | (27 | ) | 5 | ||||||||||||||||||||||||||||||
| Total Mortgage Assets | $ | 5,848,856 | $ | 5,615,130 | 100.00 | % | 5.17 | % | 6.03 | % | 25 | 329 | 6.2 | % | 8.2 | % | $ | 107,335 | $ | (118,986 | ) | |||||||||||||||||||||||||||
| Hedge | Modeled Interest | ||||||||||||
| Notional | Period | Rate Sensitivity (1) | |||||||||||
| Hedge | Balance | End | (-50 BPS) | (+50 BPS) | |||||||||
| 5-Year Treasury Future(2) | $ | (277,500 | ) | Mar-25 | $ | (5,584 | ) | $ | 5,498 | ||||
| 10-Year Treasury Future(3) | $ | (193,500 | ) | Mar-25 | $ | (6,177 | ) | $ | 5,966 | ||||
| 10-Year Ultra Treasury Future(4) | $ | (117,500 | ) | Mar-25 | $ | (5,189 | ) | $ | 4,951 | ||||
| Swaps | (3,386,800 | ) | May-31 | (91,761 | ) | 88,467 | |||||||
| Hedge Total | $ | (3,975,300 | ) | $ | (108,711 | ) | $ | 104,882 | |||||
| Rate Shock Grand Total | $ | (1,376 | ) | $ | (14,104 | ) | |||||||
| (1) | Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially. | |
| (2) | Five-year Treasury futures contracts were valued at prices of | |
| (3) | Ten-year Treasury futures contracts were valued at prices of | |
| (4) | Ten-year Ultra Treasury futures contracts were valued at prices of |
| RMBS Assets by Agency | ||||||||
| ($ in thousands) | ||||||||
| Percentage | ||||||||
| Fair | of | |||||||
| Asset Category | Value | Portfolio | ||||||
| As of January 31, 2025 | ||||||||
| Fannie Mae | $ | 3,978,208 | 70.8 | % | ||||
| Freddie Mac | 1,636,923 | 29.2 | % | |||||
| Total Mortgage Assets | $ | 5,615,131 | 100.0 | % | ||||
| Investment Company Act of 1940 Whole Pool Test | ||||||||
| ($ in thousands) | ||||||||
| Percentage | ||||||||
| Fair | of | |||||||
| Asset Category | Value | Portfolio | ||||||
| As of January 31, 2025 | ||||||||
| Non-Whole Pool Assets | $ | 200,372 | 3.6 | % | ||||
| Whole Pool Assets | 5,414,759 | 96.4 | % | |||||
| Total Mortgage Assets | $ | 5,615,131 | 100.0 | % | ||||
| Borrowings By Counterparty | |||||||||||||||||
| ($ in thousands) | |||||||||||||||||
| Weighted | Weighted | ||||||||||||||||
| % of | Average | Average | |||||||||||||||
| Total | Total | Repo | Maturity | Longest | |||||||||||||
| As of January 31, 2025 | Borrowings | Debt | Rate | in Days | Maturity | ||||||||||||
| MUFG Securities Canada, Ltd. | $ | 336,704 | 6.3 | % | 4.42 | % | 16 | 2/24/2025 | |||||||||
| Citigroup Global Markets Inc | 318,047 | 6.0 | % | 4.44 | % | 26 | 2/27/2025 | ||||||||||
| ABN AMRO Bank N.V. | 295,020 | 5.5 | % | 4.42 | % | 18 | 2/18/2025 | ||||||||||
| Wells Fargo Bank, N.A. | 291,347 | 5.5 | % | 4.43 | % | 18 | 3/28/2025 | ||||||||||
| Goldman, Sachs & Co | 270,979 | 5.1 | % | 4.45 | % | 27 | 2/28/2025 | ||||||||||
| Merrill Lynch, Pierce, Fenner & Smith | 270,124 | 5.1 | % | 4.45 | % | 21 | 2/21/2025 | ||||||||||
| RBC Capital Markets, LLC | 266,646 | 5.0 | % | 4.45 | % | 20 | 2/20/2025 | ||||||||||
| DV Securities, LLC Repo | 250,076 | 4.7 | % | 4.45 | % | 56 | 3/28/2025 | ||||||||||
| Cantor Fitzgerald & Co | 247,994 | 4.7 | % | 4.46 | % | 38 | 3/10/2025 | ||||||||||
| Marex Capital Markets Inc. | 242,454 | 4.6 | % | 4.43 | % | 48 | 3/24/2025 | ||||||||||
| J.P. Morgan Securities LLC | 233,790 | 4.4 | % | 4.48 | % | 7 | 2/27/2025 | ||||||||||
| South Street Securities, LLC | 228,248 | 4.3 | % | 4.45 | % | 35 | 4/29/2025 | ||||||||||
| Mirae Asset Securities (USA) Inc. | 221,243 | 4.2 | % | 4.44 | % | 89 | 5/19/2025 | ||||||||||
| Clear Street LLC | 209,391 | 3.9 | % | 4.52 | % | 48 | 3/20/2025 | ||||||||||
| ASL Capital Markets Inc. | 208,451 | 3.9 | % | 4.47 | % | 44 | 3/21/2025 | ||||||||||
| ING Financial Markets LLC | 205,471 | 3.9 | % | 4.45 | % | 48 | 3/20/2025 | ||||||||||
| Mitsubishi UFJ Securities (USA), Inc. | 201,481 | 3.8 | % | 4.49 | % | 13 | 2/18/2025 | ||||||||||
| Daiwa Securities America Inc. | 199,237 | 3.7 | % | 4.45 | % | 24 | 2/24/2025 | ||||||||||
| StoneX Financial Inc. | 197,637 | 3.7 | % | 4.44 | % | 48 | 3/28/2025 | ||||||||||
| The Bank of Nova Scotia | 192,152 | 3.6 | % | 4.45 | % | 49 | 3/21/2025 | ||||||||||
| Bank of Montreal | 189,078 | 3.6 | % | 4.45 | % | 24 | 2/24/2025 | ||||||||||
| Banco Santander SA | 141,954 | 2.7 | % | 4.44 | % | 18 | 2/18/2025 | ||||||||||
| Nomura Securities International, Inc. | 70,278 | 1.3 | % | 4.45 | % | 18 | 2/18/2025 | ||||||||||
| Lucid Prime Fund, LLC | 28,789 | 0.5 | % | 4.46 | % | 13 | 2/13/2025 | ||||||||||
| Total Borrowings | $ | 5,316,591 | 100.0 | % | 4.45 | % | 32 | 5/19/2025 | |||||||||
Contact:
Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400
FAQ
What is Orchid Island Capital's (ORC) February 2025 dividend amount?
When is ORC's ex-dividend date for February 2025 dividend?
How many shares of ORC were outstanding as of February 12, 2025?
What percentage of taxable income must ORC distribute to maintain REIT status?
When will ORC announce its next dividend?
