Orchid Island Capital Announces March 2025 Monthly Dividend and February 28, 2025 RMBS Portfolio Characteristics
Orchid Island Capital (NYSE: ORC) has declared its monthly cash dividend of $0.12 per share for March 2025, payable on April 29, 2025, to stockholders of record as of March 31, 2025. The ex-dividend date is set for March 31, 2025.
The company, operating as a Real Estate Investment Trust (REIT), must distribute at least 90% of its REIT taxable income annually to maintain its status. As of March 19, 2025, ORC had 105,873,628 outstanding common shares, showing an increase from 98,853,628 shares on February 28, 2025, and 82,622,464 shares on December 31, 2024.
The next dividend announcement is expected on April 9, 2025. The company notes that while it intends to make regular monthly distributions, there is no established minimum payment level, and future distributions are not guaranteed.
Orchid Island Capital (NYSE: ORC) ha dichiarato il suo dividendo mensile in contante di $0,12 per azione per marzo 2025, che sarà pagato il 29 aprile 2025, agli azionisti registrati al 31 marzo 2025. La data di stacco del dividendo è fissata per il 31 marzo 2025.
L'azienda, che opera come un Real Estate Investment Trust (REIT), deve distribuire almeno il 90% del suo reddito imponibile REIT annualmente per mantenere il suo status. A partire dal 19 marzo 2025, ORC aveva 105.873.628 azioni ordinarie in circolazione, mostrando un aumento rispetto alle 98.853.628 azioni del 28 febbraio 2025 e alle 82.622.464 azioni del 31 dicembre 2024.
Il prossimo annuncio del dividendo è previsto per il 9 aprile 2025. L'azienda sottolinea che, sebbene intenda effettuare distribuzioni mensili regolari, non esiste un livello minimo di pagamento stabilito e le distribuzioni future non sono garantite.
Orchid Island Capital (NYSE: ORC) ha declarado su dividendo mensual en efectivo de $0.12 por acción para marzo de 2025, que se pagará el 29 de abril de 2025, a los accionistas registrados al 31 de marzo de 2025. La fecha ex-dividendo está establecida para el 31 de marzo de 2025.
La empresa, que opera como un Real Estate Investment Trust (REIT), debe distribuir al menos el 90% de su ingreso imponible REIT anualmente para mantener su estatus. A partir del 19 de marzo de 2025, ORC tenía 105,873,628 acciones comunes en circulación, mostrando un aumento respecto a las 98,853,628 acciones del 28 de febrero de 2025 y a las 82,622,464 acciones del 31 de diciembre de 2024.
Se espera que el próximo anuncio de dividendo sea el 9 de abril de 2025. La empresa señala que, aunque tiene la intención de realizar distribuciones mensuales regulares, no hay un nivel mínimo de pago establecido y las distribuciones futuras no están garantizadas.
오키드 아일랜드 캐피탈 (NYSE: ORC)는 2025년 3월에 대해 주당 $0.12의 월 현금 배당금을 발표했으며, 2025년 4월 29일에 2025년 3월 31일 기준 주주에게 지급될 예정입니다. 배당금 지급 기준일은 2025년 3월 31일로 설정되었습니다.
이 회사는 부동산 투자 신탁(REIT)으로 운영되며, 자격을 유지하기 위해 매년 REIT 과세 소득의 최소 90%를 배당해야 합니다. 2025년 3월 19일 기준으로 ORC는 105,873,628주의 보통주가 발행되어 있으며, 이는 2025년 2월 28일의 98,853,628주와 2024년 12월 31일의 82,622,464주에서 증가한 수치입니다.
다음 배당금 발표는 2025년 4월 9일로 예상됩니다. 회사는 정기적인 월 배당금을 지급할 계획이지만, 설정된 최소 지급 수준이 없으며 향후 배당금이 보장되지 않는다고 언급했습니다.
Orchid Island Capital (NYSE: ORC) a déclaré son dividende mensuel en espèces de $0,12 par action pour mars 2025, payable le 29 avril 2025, aux actionnaires inscrits au 31 mars 2025. La date de détachement du dividende est fixée au 31 mars 2025.
L'entreprise, qui opère en tant que Real Estate Investment Trust (REIT), doit distribuer au moins 90 % de son revenu imposable REIT chaque année pour maintenir son statut. Au 19 mars 2025, ORC comptait 105 873 628 actions ordinaires en circulation, montrant une augmentation par rapport aux 98 853 628 actions du 28 février 2025 et aux 82 622 464 actions du 31 décembre 2024.
Le prochain annonce de dividende est prévu pour le 9 avril 2025. L'entreprise souligne que, bien qu'elle ait l'intention d'effectuer des distributions mensuelles régulières, il n'existe pas de niveau de paiement minimum établi et les distributions futures ne sont pas garanties.
Orchid Island Capital (NYSE: ORC) hat seine monatliche Barausschüttung von $0,12 pro Aktie für März 2025 erklärt, die am 29. April 2025 an die Aktionäre ausgezahlt wird, die am 31. März 2025 im Aktienregister stehen. Das Ex-Dividenden-Datum ist auf den 31. März 2025 festgelegt.
Das Unternehmen, das als Real Estate Investment Trust (REIT) tätig ist, muss mindestens 90 % seines steuerpflichtigen REIT-Einkommens jährlich ausschütten, um seinen Status zu erhalten. Am 19. März 2025 hatte ORC 105.873.628 ausgegebene Stammaktien, was einen Anstieg von 98.853.628 Aktien am 28. Februar 2025 und 82.622.464 Aktien am 31. Dezember 2024 zeigt.
Die nächste Dividendenankündigung wird für den 9. April 2025 erwartet. Das Unternehmen weist darauf hin, dass es zwar beabsichtigt, regelmäßige monatliche Ausschüttungen vorzunehmen, aber kein festgelegtes Mindestzahlungsniveau gibt und zukünftige Ausschüttungen nicht garantiert sind.
- Monthly dividend maintained at $0.12 per share
- Significant increase in outstanding shares from 82.6M to 105.8M between Dec 2024 and Mar 2025
- No minimum distribution payment level established
- Future dividend distributions not guaranteed
- March 2025 Monthly Dividend of
$0.12 Per Share of Common Stock - RMBS Portfolio Characteristics as of February 28, 2025
- Next Dividend Announcement Expected April 9, 2025
VERO BEACH, Fla., March 19, 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 March 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 March 19, 2025, the Company had 105,873,628 shares of common stock outstanding. As of February 28, 2025, the Company had 98,853,628 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 February 28, 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, 2024.
| RMBS Valuation Characteristics | ||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Realized | ||||||||||||||||||||||||||||||||||||||||||||||||
| Realized | Dec 24 - | |||||||||||||||||||||||||||||||||||||||||||||||
| Feb-25 | Feb-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 Mar) | in Mar) | (-50 BPS) | (+50 BPS) | ||||||||||||||||||||||||||||||||||||
| Fixed Rate RMBS | ||||||||||||||||||||||||||||||||||||||||||||||||
| 15yr 5.0 TBA | $ | 200,000 | $ | 201,031 | 3.17 | % | 100.52 | 5.00 | % | 5.85 | % | 7 | 169 | n/a | n/a | $ | 2,583 | $ | (2,979 | ) | ||||||||||||||||||||||||||||
| 15yr Total | 200,000 | 201,031 | 3.17 | % | 100.52 | 5.00 | % | 5.85 | % | 7 | 169 | n/a | n/a | 2,583 | (2,979 | ) | ||||||||||||||||||||||||||||||||
| 30yr 3.0 | 881,599 | 782,764 | 12.34 | % | 88.79 | 3.00 | % | 3.48 | % | 48 | 304 | 6.0 | % | 6.4 | % | 23,328 | (23,485 | ) | ||||||||||||||||||||||||||||||
| 30yr 3.5 | 173,314 | 159,742 | 2.52 | % | 92.17 | 3.50 | % | 4.04 | % | 60 | 287 | 4.1 | % | 5.2 | % | 4,469 | (4,503 | ) | ||||||||||||||||||||||||||||||
| 30yr 4.0 | 520,477 | 489,830 | 7.72 | % | 94.11 | 4.00 | % | 4.78 | % | 37 | 319 | 2.9 | % | 3.8 | % | 12,148 | (12,929 | ) | ||||||||||||||||||||||||||||||
| 30yr 4.5 | 300,514 | 290,541 | 4.58 | % | 96.68 | 4.50 | % | 5.44 | % | 32 | 324 | 8.3 | % | 8.5 | % | 5,944 | (6,505 | ) | ||||||||||||||||||||||||||||||
| 30yr 5.0 | 566,664 | 559,269 | 8.81 | % | 98.69 | 5.00 | % | 5.94 | % | 27 | 328 | 6.5 | % | 6.4 | % | 10,575 | (11,968 | ) | ||||||||||||||||||||||||||||||
| 30yr 5.5 | 698,599 | 704,919 | 11.11 | % | 100.90 | 5.50 | % | 6.47 | % | 11 | 346 | 3.3 | % | 4.5 | % | 11,959 | (14,282 | ) | ||||||||||||||||||||||||||||||
| 30yr 6.0 | 1,458,465 | 1,495,198 | 23.56 | % | 102.52 | 6.00 | % | 6.97 | % | 12 | 344 | 9.2 | % | 8.0 | % | 18,565 | (23,726 | ) | ||||||||||||||||||||||||||||||
| 30yr 6.5 | 1,282,166 | 1,331,458 | 20.98 | % | 103.84 | 6.50 | % | 7.44 | % | 11 | 345 | 8.1 | % | 7.4 | % | 11,730 | (15,849 | ) | ||||||||||||||||||||||||||||||
| 30yr 7.0 | 299,681 | 315,040 | 4.97 | % | 105.13 | 7.00 | % | 7.94 | % | 16 | 337 | 17.3 | % | 19.6 | % | 2,272 | (2,864 | ) | ||||||||||||||||||||||||||||||
| 30yr Total | 6,181,479 | 6,128,761 | 96.59 | % | 99.15 | 5.26 | % | 6.12 | % | 23 | 332 | 7.3 | % | 7.3 | % | 100,990 | (116,111 | ) | ||||||||||||||||||||||||||||||
| Total Pass-Through MBS | 6,381,479 | 6,329,792 | 99.76 | % | 99.19 | 5.26 | % | 6.12 | % | 22 | 327 | 7.3 | % | 7.3 | % | 103,573 | (119,090 | ) | ||||||||||||||||||||||||||||||
| Structured MBS | ||||||||||||||||||||||||||||||||||||||||||||||||
| IO 20yr 4.0 | 6,731 | 620 | 0.01 | % | 9.20 | 4.00 | % | 4.57 | % | 157 | 76 | 8.5 | % | 8.9 | % | 3 | (4 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 3.0 | 2,579 | 309 | 0.00 | % | 11.97 | 3.00 | % | 3.64 | % | 121 | 229 | 1.0 | % | 1.0 | % | - | (1 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 4.0 | 70,162 | 13,190 | 0.21 | % | 18.80 | 4.00 | % | 4.60 | % | 126 | 225 | 4.0 | % | 5.2 | % | (238 | ) | 143 | ||||||||||||||||||||||||||||||
| IO 30yr 4.5 | 3,058 | 562 | 0.01 | % | 18.38 | 4.50 | % | 4.99 | % | 176 | 171 | 6.5 | % | 8.0 | % | (4 | ) | 1 | ||||||||||||||||||||||||||||||
| IO 30yr 5.0 | 1,596 | 335 | 0.01 | % | 21.01 | 5.00 | % | 5.37 | % | 176 | 171 | 7.9 | % | 17.2 | % | (5 | ) | 3 | ||||||||||||||||||||||||||||||
| IO Total | 84,126 | 15,016 | 0.24 | % | 17.85 | 4.01 | % | 4.59 | % | 131 | 210 | 4.5 | % | 5.7 | % | (244 | ) | 142 | ||||||||||||||||||||||||||||||
| IIO 30yr 4.0 | 21,553 | 219 | 0.00 | % | 1.02 | 0.00 | % | 4.40 | % | 89 | 259 | 0.4 | % | 0.4 | % | 102 | (72 | ) | ||||||||||||||||||||||||||||||
| Total Structured RMBS | 105,679 | 15,235 | 0.24 | % | 14.42 | 3.19 | % | 4.55 | % | 122 | 220 | 3.6 | % | 4.6 | % | (142 | ) | 70 | ||||||||||||||||||||||||||||||
| Total Mortgage Assets | $ | 6,487,158 | $ | 6,345,027 | 100.00 | % | 5.22 | % | 6.09 | % | 24 | 325 | 7.3 | % | 7.2 | % | $ | 103,431 | $ | (119,020 | ) | |||||||||||||||||||||||||||
| Hedge | Modeled Interest | ||||||||||||||
| Notional | Period | Rate Sensitivity (1) | |||||||||||||
| Hedge | Balance | End | (-50 BPS) | (+50 BPS) | |||||||||||
| 3-Month SOFR Futures | $ | (115,000 | ) | Aug-26 | $ | (1,150 | ) | $ | 1,150 | ||||||
| 5-Year Treasury Future(2) | (377,500 | ) | Jun-25 | (7,861 | ) | 7,743 | |||||||||
| 10-Year Treasury Future(3) | (193,500 | ) | Jun-25 | (6,097 | ) | 6,036 | |||||||||
| 10-Year Ultra Treasury Future(4) | (137,500 | ) | Jun-25 | (6,152 | ) | 5,893 | |||||||||
| Swaps | (3,459,300 | ) | May-31 | (95,789 | ) | 92,325 | |||||||||
| TBA | (185,000 | ) | Mar-25 | (2,452 | ) | 3,158 | |||||||||
| Hedge Total | $ | (4,467,800 | ) | $ | (119,501 | ) | $ | 116,305 | |||||||
| Rate Shock Grand Total | $ | (16,070 | ) | $ | (2,715 | ) | |||||||||
| (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 February 28, 2025 | |||||||
| Fannie Mae | $ | 4,385,021 | 69.1 | % | |||
| Freddie Mac | 1,960,006 | 30.9 | % | ||||
| Total Mortgage Assets | $ | 6,345,027 | 100.0 | % | |||
| Investment Company Act of 1940 Whole Pool Test | |||||||
| ($ in thousands) | |||||||
| Percentage | |||||||
| Fair | of | ||||||
| Asset Category | Value | Portfolio | |||||
| As of February 28, 2025 | |||||||
| Non-Whole Pool Assets | $ | 403,993 | 6.4 | % | |||
| Whole Pool Assets | 5,941,034 | 93.6 | % | ||||
| Total Mortgage Assets | $ | 6,345,027 | 100.0 | % | |||
| Borrowings By Counterparty | |||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||
| Weighted | Weighted | ||||||||||||||||||
| % of | Average | Average | |||||||||||||||||
| Total | Total | Repo | Maturity | Longest | |||||||||||||||
| As of February 28, 2025 | Borrowings | Debt | Rate | in Days | Maturity | ||||||||||||||
| MUFG Securities Canada, Ltd. | $ | 337,100 | 6.0 | % | 4.41 | % | 15 | 3/21/2025 | |||||||||||
| Citigroup Global Markets Inc | 319,721 | 5.7 | % | 4.45 | % | 26 | 3/27/2025 | ||||||||||||
| RBC Capital Markets, LLC | 318,416 | 5.7 | % | 4.45 | % | 19 | 3/20/2025 | ||||||||||||
| ABN AMRO Bank N.V. | 295,023 | 5.3 | % | 4.46 | % | 53 | 4/22/2025 | ||||||||||||
| Wells Fargo Bank, N.A. | 290,712 | 5.2 | % | 4.45 | % | 43 | 4/21/2025 | ||||||||||||
| Goldman, Sachs & Co | 272,372 | 4.9 | % | 4.45 | % | 27 | 3/27/2025 | ||||||||||||
| Merrill Lynch, Pierce, Fenner & Smith | 271,034 | 4.8 | % | 4.46 | % | 21 | 3/21/2025 | ||||||||||||
| Marex Capital Markets Inc. | 269,938 | 4.8 | % | 4.43 | % | 38 | 5/29/2025 | ||||||||||||
| ING Financial Markets LLC | 254,173 | 4.5 | % | 4.45 | % | 25 | 4/14/2025 | ||||||||||||
| DV Securities, LLC Repo | 250,076 | 4.5 | % | 4.45 | % | 28 | 3/28/2025 | ||||||||||||
| StoneX Financial Inc. | 249,992 | 4.5 | % | 4.44 | % | 22 | 3/28/2025 | ||||||||||||
| Cantor Fitzgerald & Co | 247,994 | 4.4 | % | 4.46 | % | 10 | 3/10/2025 | ||||||||||||
| Mirae Asset Securities (USA) Inc. | 247,658 | 4.4 | % | 4.51 | % | 108 | 8/21/2025 | ||||||||||||
| Clear Street LLC | 235,753 | 4.2 | % | 4.51 | % | 24 | 4/28/2025 | ||||||||||||
| ASL Capital Markets Inc. | 235,735 | 4.2 | % | 4.44 | % | 19 | 3/21/2025 | ||||||||||||
| J.P. Morgan Securities LLC | 235,127 | 4.2 | % | 4.45 | % | 10 | 3/27/2025 | ||||||||||||
| South Street Securities, LLC | 227,340 | 4.1 | % | 4.45 | % | 29 | 4/29/2025 | ||||||||||||
| Mitsubishi UFJ Securities (USA), Inc. | 202,871 | 3.6 | % | 4.48 | % | 13 | 3/20/2025 | ||||||||||||
| Daiwa Securities America Inc. | 201,167 | 3.6 | % | 4.45 | % | 24 | 3/24/2025 | ||||||||||||
| The Bank of Nova Scotia | 191,841 | 3.4 | % | 4.45 | % | 21 | 3/21/2025 | ||||||||||||
| Bank of Montreal | 188,122 | 3.4 | % | 4.46 | % | 27 | 3/27/2025 | ||||||||||||
| Banco Santander SA | 142,592 | 2.6 | % | 4.47 | % | 18 | 3/18/2025 | ||||||||||||
| Nomura Securities International, Inc. | 70,497 | 1.3 | % | 4.46 | % | 52 | 4/21/2025 | ||||||||||||
| Lucid Prime Fund, LLC | 36,032 | 0.6 | % | 4.47 | % | 13 | 3/13/2025 | ||||||||||||
| Total Borrowings | $ | 5,591,286 | 100.0 | % | 4.45 | % | 29 | 8/21/2025 | |||||||||||
Contact:
Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400
FAQ
What is the March 2025 dividend amount for Orchid Island Capital (ORC)?
When is the payment date for ORC's March 2025 dividend?
What is the record date for ORC's March 2025 dividend?
How many shares of ORC were outstanding as of March 19, 2025?
What percentage of taxable income must ORC distribute to maintain REIT status?
