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Orchid Island Capital Announces September 2024 Monthly Dividend and August 31, 2024 RMBS Portfolio Characteristics

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Orchid Island Capital (NYSE: ORC) has announced its September 2024 monthly dividend of $0.12 per share, payable on October 30, 2024, to shareholders of record as of September 30, 2024. The ex-dividend date is also set for September 30, 2024. This announcement aligns with the company's intention to make regular monthly cash distributions to maintain its REIT status, which requires distributing at least 90% of its REIT taxable income annually.

As of September 9, 2024, Orchid Island Capital had 73,997,050 shares of common stock outstanding, showing a slight increase from 73,947,050 shares on August 31, 2024, and a more significant rise from 64,824,374 shares on June 30, 2024. The company also provided preliminary details of its RMBS portfolio characteristics as of August 31, 2024, including valuation characteristics, assets by agency, and risk measures.

Orchid Island Capital (NYSE: ORC) ha annunciato il suo dividendo mensile di settembre 2024 di 0,12 dollari per azione, pagabile il 30 ottobre 2024, agli azionisti registrati al 30 settembre 2024. La data di stacco del dividendo è stata fissata anch'essa per il 30 settembre 2024. Questo annuncio è in linea con l'intenzione della compagnia di effettuare distribuzioni monetarie mensili regolari per mantenere il suo status di REIT, che richiede di distribuire almeno il 90% del reddito imponibile annuo del REIT.

Al 9 settembre 2024, Orchid Island Capital aveva 73.997.050 azioni di comune circolanti, mostrando un leggero aumento rispetto a 73.947.050 azioni del 31 agosto 2024, e un aumento più significativo rispetto a 64.824.374 azioni del 30 giugno 2024. La compagnia ha anche fornito dettagli preliminari sulle caratteristiche del suo portafoglio RMBS al 31 agosto 2024, inclusi le caratteristiche di valutazione, gli attivi per agenzia e le misure di rischio.

Orchid Island Capital (NYSE: ORC) ha anunciado su dividendo mensual de septiembre de 2024 de $0.12 por acción, que se pagará el 30 de octubre de 2024, a los accionistas registrados hasta el 30 de septiembre de 2024. La fecha de ex-dividendo también está establecida para el 30 de septiembre de 2024. Este anuncio se alinea con la intención de la compañía de realizar distribuciones en efectivo mensuales regulares para mantener su estatus de REIT, que requiere distribuir al menos el 90% de su ingreso imponible anual de REIT.

Al 9 de septiembre de 2024, Orchid Island Capital tenía 73,997,050 acciones en circulación, mostrando un ligero aumento desde las 73,947,050 acciones del 31 de agosto de 2024, y un aumento más significativo desde las 64,824,374 acciones del 30 de junio de 2024. La compañía también proporcionó detalles preliminares sobre las características de su cartera de RMBS al 31 de agosto de 2024, incluyendo características de valoración, activos por agencia y medidas de riesgo.

오키드 아일랜드 캐피탈(뉴욕증권거래소: ORC)은 2024년 9월에 주당 0.12달러의 월 배당금을 발표했으며, 이는 2024년 10월 30일에 2024년 9월 30일 기준 주주에게 지급됩니다. 배당락일도 2024년 9월 30일로 설정되어 있습니다. 이 발표는 REIT 상태를 유지하기 위해 매달 정기적인 현금 배당을 하려는 회사의 의도와 일치하며, 이는 매년 REIT 과세 소득의 90% 이상을 분배해야 합니다.

2024년 9월 9일 현재, 오키드 아일랜드 캐피탈은 73,997,050주의 보통주가 발행되어 있으며, 이는 2024년 8월 31일의 73,947,050주에서 약간 증가한 수치이며, 2024년 6월 30일의 64,824,374주에서 더 큰 폭으로 증가한 수치입니다. 회사는 2024년 8월 31일 기준 RMBS 포트폴리오의 특성에 대한 예비 세부사항도 제공하였으며, 여기에는 평가 특성, 기관별 자산 및 리스크 측정이 포함됩니다.

Orchid Island Capital (NYSE: ORC) a annoncé son dividende mensuel de septembre 2024 de 0,12 $ par action, payable le 30 octobre 2024, aux actionnaires enregistrés au 30 septembre 2024. La date de détachement du dividende est également fixée au 30 septembre 2024. Cette annonce est en accord avec l'intention de la société de faire des distributions mensuelles en espèces régulières pour maintenir son statut de REIT, qui exige de distribuer au moins 90 % de son revenu imposable annuel de REIT.

Au 9 septembre 2024, Orchid Island Capital avait 73 997 050 actions ordinaires en circulation, montrant une légère augmentation par rapport à 73 947 050 actions au 31 août 2024, et une augmentation plus significative par rapport à 64 824 374 actions au 30 juin 2024. La société a également fourni des détails préliminaires sur les caractéristiques de son portefeuille RMBS au 31 août 2024, y compris les caractéristiques d'évaluation, les actifs par agence et les mesures de risque.

Orchid Island Capital (NYSE: ORC) hat seine monatliche Dividende für September 2024 von 0,12 USD pro Aktie bekannt gegeben, die am 30. Oktober 2024 an die Aktionäre ausgezahlt wird, die am 30. September 2024 im Aktienregister stehen. Der Ex-Dividendentag ist ebenfalls auf den 30. September 2024 festgelegt. Diese Ankündigung steht im Einklang mit der Absicht des Unternehmens, regelmäßige monatliche Barausschüttungen vorzunehmen, um seinen REIT-Status aufrechtzuerhalten, was die Ausschüttung von mindestens 90 % des jährlichen REIT-besteuerten Einkommens erfordert.

Am 9. September 2024 hatte Orchid Island Capital 73.997.050 Aktien ausstehend, was einen leichten Anstieg von 73.947.050 Aktien am 31. August 2024 zeigt, und einen signifikanten Anstieg von 64.824.374 Aktien am 30. Juni 2024. Das Unternehmen gab auch vorläufige Einzelheiten zu den Eigenschaften seines RMBS-Portfolios zum 31. August 2024 bekannt, einschließlich Bewertungsmerkmale, Vermögenswerte nach Agentur und Risikomaßnahmen.

Positive
  • Regular monthly dividend payments of $0.12 per share
  • Increase in outstanding shares from 64,824,374 on June 30 to 73,997,050 on September 9, indicating potential capital raising or stock-based compensation
Negative
  • No guarantee of future dividend payments or minimum distribution levels
  • Potential for income tax on undistributed taxable income
  • Excise tax risk if certain distribution percentages are not met by specified dates
  • September 2024 Monthly Dividend of $0.12 Per Share of Common Stock
  • RMBS Portfolio Characteristics as of August 31, 2024
  • Next Dividend Announcement Expected October 16, 2024

VERO BEACH, Fla.--(BUSINESS WIRE)-- 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 September 2024. The dividend of $0.12 per share will be paid October 30, 2024 to holders of record of the Company’s common stock on September 30, 2024, with an ex-dividend date of September 30, 2024. The Company plans on announcing its next common stock dividend on October 16, 2024.

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 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.

As of September 9, 2024, the Company had 73,997,050 shares of common stock outstanding. As of August 31, 2024, the Company had 73,947,050 shares of common stock outstanding. As of June 30, 2024, the Company had 64,824,374 shares of common stock outstanding.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of August 31, 2024 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

 

 

Jun -24 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug-24

 

 

Aug-24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 Sep)

 

 

in Sep)

 

 

(-50 BPS)

 

 

(+50 BPS)

 

Fixed Rate RMBS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15yr 5.0 TBA

 

$

50,000

 

 

$

50,371

 

 

 

0.94

%

 

 

100.74

 

 

 

5.00

%

 

 

5.80

%

 

 

14

 

 

 

158

 

 

 

n/a

 

 

 

n/a

 

 

$

567

 

 

$

(660

)

15yr 6.0

 

 

64,324

 

 

 

66,483

 

 

 

1.24

%

 

 

103.36

 

 

 

6.00

%

 

 

6.83

%

 

 

9

 

 

 

167

 

 

 

n/a

 

 

 

n/a

 

 

 

619

 

 

 

(715

)

15yr Total

 

 

114,324

 

 

 

116,854

 

 

 

2.18

%

 

 

102.21

 

 

 

5.56

%

 

 

6.38

%

 

 

11

 

 

 

163

 

 

 

n/a

 

 

 

n/a

 

 

 

1,186

 

 

 

(1,375

)

30yr 3.0

 

1,324,371

 

 

1,190,283

 

 

 

22.24

%

 

 

89.88

 

 

 

3.00

%

 

 

3.46

%

 

 

41

 

 

 

313

 

 

 

7.1

%

 

 

6.6

%

 

36,235

 

 

(36,948

)

30yr 3.5

 

 

181,918

 

 

 

170,266

 

 

 

3.18

%

 

 

93.60

 

 

 

3.50

%

 

 

4.04

%

 

 

54

 

 

 

294

 

 

 

8.7

%

 

 

9.5

%

 

 

4,633

 

 

 

(4,710

)

30yr 4.0

 

 

538,115

 

 

 

512,716

 

 

 

9.58

%

 

 

95.28

 

 

 

4.00

%

 

 

4.78

%

 

 

31

 

 

 

325

 

 

 

5.3

%

 

 

5.9

%

 

 

11,870

 

 

 

(12,790

)

30yr 4.5

 

 

314,643

 

 

 

307,763

 

 

 

5.75

%

 

 

97.81

 

 

 

4.50

%

 

 

5.44

%

 

 

26

 

 

 

331

 

 

 

7.3

%

 

 

10.4

%

 

 

5,571

 

 

 

(6,283

)

30yr 5.0

 

 

522,185

 

 

 

520,141

 

 

 

9.72

%

 

 

99.61

 

 

 

5.00

%

 

 

5.93

%

 

 

24

 

 

 

331

 

 

 

8.7

%

 

 

9.9

%

 

 

8,560

 

 

 

(10,002

)

30yr 5.5

 

 

260,884

 

 

 

265,358

 

 

 

4.96

%

 

 

101.72

 

 

 

5.50

%

 

 

6.43

%

 

 

17

 

 

 

340

 

 

 

6.5

%

 

 

5.6

%

 

 

3,777

 

 

 

(4,673

)

30yr 6.0

 

 

1,036,826

 

 

 

1,064,828

 

 

 

19.90

%

 

 

102.70

 

 

 

6.00

%

 

 

6.98

%

 

 

9

 

 

 

347

 

 

 

8.5

%

 

 

8.0

%

 

 

11,040

 

 

 

(14,436

)

30yr 6.5

 

 

785,181

 

 

 

813,423

 

 

 

15.20

%

 

 

103.60

 

 

 

6.50

%

 

 

7.43

%

 

 

8

 

 

 

349

 

 

 

11.3

%

 

 

10.4

%

 

 

5,954

 

 

 

(7,777

)

30yr 7.0

 

 

358,307

 

 

 

374,435

 

 

 

7.00

%

 

 

104.50

 

 

 

7.00

%

 

 

7.95

%

 

 

10

 

 

 

344

 

 

 

31.4

%

 

 

19.7

%

 

 

2,444

 

 

 

(3,024

)

30yr Total

 

 

5,322,430

 

 

 

5,219,213

 

 

 

97.52

%

 

 

98.06

 

 

 

4.90

%

 

 

5.69

%

 

 

23

 

 

 

332

 

 

 

9.7

%

 

 

8.8

%

 

 

90,084

 

 

 

(100,643

)

Total Pass Through RMBS

 

 

5,436,754

 

 

 

5,336,067

 

 

 

99.70

%

 

 

98.15

 

 

 

4.91

%

 

 

5.71

%

 

 

23

 

 

 

328

 

 

 

9.7

%

 

 

8.8

%

 

 

91,270

 

 

 

(102,018

)

Structured RMBS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IO 20yr 4.0

 

 

7,576

 

 

 

688

 

 

 

0.01

%

 

 

9.08

 

 

 

4.00

%

 

 

4.57

%

 

 

152

 

 

 

82

 

 

 

11.7

%

 

 

11.5

%

 

 

3

 

 

 

(4

)

IO 30yr 3.0

 

 

2,702

 

 

 

325

 

 

 

0.01

%

 

 

12.03

 

 

 

3.00

%

 

 

3.64

%

 

 

115

 

 

 

235

 

 

 

1.5

%

 

 

1.1

%

 

 

(1

)

 

 

-

 

IO 30yr 4.0

 

 

74,480

 

 

 

13,544

 

 

 

0.25

%

 

 

18.19

 

 

 

4.00

%

 

 

4.60

%

 

 

120

 

 

 

231

 

 

 

7.0

%

 

 

7.5

%

 

 

(388

)

 

 

275

 

IO 30yr 4.5

 

 

3,250

 

 

 

605

 

 

 

0.01

%

 

 

18.62

 

 

 

4.50

%

 

 

4.99

%

 

 

170

 

 

 

177

 

 

 

7.1

%

 

 

6.0

%

 

 

(9

)

 

 

5

 

IO 30yr 5.0

 

 

1,755

 

 

 

358

 

 

 

0.01

%

 

 

20.38

 

 

 

5.00

%

 

 

5.37

%

 

 

170

 

 

 

178

 

 

 

10.3

%

 

 

15.4

%

 

 

(9

)

 

 

6

 

IO Total

 

 

89,763

 

 

 

15,520

 

 

 

0.29

%

 

 

17.29

 

 

 

4.01

%

 

 

4.60

%

 

 

125

 

 

 

215

 

 

 

7.3

%

 

 

7.7

%

 

 

(403

)

 

 

282

 

IIO 30yr 4.0

 

 

24,095

 

 

 

325

 

 

 

0.01

%

 

 

1.35

 

 

 

0.00

%

 

 

4.40

%

 

 

83

 

 

 

265

 

 

 

10.6

%

 

 

8.0

%

 

 

105

 

 

 

(87

)

Total Structured RMBS

 

 

113,858

 

 

 

15,845

 

 

 

0.30

%

 

 

13.92

 

 

 

3.16

%

 

 

4.55

%

 

 

116

 

 

 

226

 

 

 

8.0

%

 

 

7.8

%

 

 

(298

)

 

 

195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Mortgage Assets

 

$

5,550,612

 

 

$

5,351,912

 

 

 

100.00

%

 

 

 

 

 

 

4.87

%

 

 

5.68

%

 

 

25

 

 

 

326

 

 

 

9.6

%

 

 

8.7

%

 

$

90,972

 

 

$

(101,823

)

 

 

 

 

Hedge

 

Modeled Interest

 

 

 

Notional

 

Period

 

Rate Sensitivity (1)

 

Hedge

 

Balance

 

End

 

(-50 BPS)

 

 

(+50 BPS)

 

3-Month SOFR Futures(2)

 

$

(455,900

)

Oct-25

 

$

(5,699

)

 

$

5,699

 

10-Year Treasury Future(3)

 

 

(30,000

)

Dec-24

 

 

(981

)

 

 

953

 

Swaps

 

 

(3,486,800

)

Jun-30

 

 

(91,321

)

 

 

88,080

 

TBA

 

 

(300,000

)

Sep-24

 

 

(8,524

)

 

 

8,875

 

Swaptions

 

 

(9,400

)

Sep-24

 

 

-

 

 

 

-

 

Hedge Total

 

$

(4,282,100

)

 

 

$

(106,525

)

 

$

103,607

 

Rate Shock Grand Total

 

 

 

 

 

 

$

(15,553

)

 

$

1,784

 

(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)

Amounts for SOFR futures contracts represents the average quarterly notional amount.

(3)

Ten-year Treasury futures contracts were valued at prices of $113.56 at August 31, 2024. The market value of the short position was $34.1 million.
RMBS Assets by Agency

 

 

 

 

 

 

 

 

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage

 

 

 

Fair

 

 

of

 

Asset Category

 

Value

 

 

Portfolio

 

As of August 31, 2024

 

 

 

 

 

 

 

 

Fannie Mae

 

$

3,536,652

 

 

 

66.7

%

Freddie Mac

 

 

1,764,889

 

 

 

33.3

%

Total Mortgage Assets

 

$

5,301,541

 

 

 

100.0

%

Investment Company Act of 1940 Whole Pool Test

 

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage

 

 

 

Fair

 

 

of

 

Asset Category

 

Value

 

 

Portfolio

 

As of August 31, 2024

 

 

 

 

 

 

 

 

Non-Whole Pool Assets

 

$

135,189

 

 

 

2.5

%

Whole Pool Assets

 

 

5,166,352

 

 

 

97.5

%

Total Mortgage Assets

 

$

5,301,541

 

 

 

100.0

%

Borrowings By Counterparty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

 

% of

 

 

Average

 

 

Average

 

 

 

 

Total

 

 

Total

 

 

Repo

 

 

Maturity

 

Longest

As of August 31, 2024

 

Borrowings

 

 

Debt

 

 

Rate

 

 

in Days

 

Maturity

ABN AMRO Bank N.V.

 

$

381,192

 

 

 

7.7

%

 

 

5.37

%

 

 

45

 

10/15/2024

Merrill Lynch, Pierce, Fenner & Smith

 

 

378,678

 

 

 

7.7

%

 

 

5.42

%

 

 

47

 

11/15/2024

ASL Capital Markets Inc.

 

 

345,938

 

 

 

7.0

%

 

 

5.41

%

 

 

49

 

11/15/2024

DV Securities, LLC Repo

 

 

274,167

 

 

 

5.5

%

 

 

5.46

%

 

 

18

 

9/27/2024

Mitsubishi UFJ Securities (USA), Inc

 

 

267,897

 

 

 

5.4

%

 

 

5.43

%

 

 

40

 

10/28/2024

J.P. Morgan Securities LLC

 

 

255,942

 

 

 

5.2

%

 

 

5.49

%

 

 

9

 

9/25/2024

Banco Santander SA

 

 

249,044

 

 

 

5.0

%

 

 

5.33

%

 

 

79

 

11/18/2024

Citigroup Global Markets Inc

 

 

247,802

 

 

 

5.0

%

 

 

5.44

%

 

 

26

 

9/26/2024

Wells Fargo Bank, N.A.

 

 

242,414

 

 

 

4.9

%

 

 

5.48

%

 

 

13

 

9/13/2024

Cantor Fitzgerald & Co

 

 

241,698

 

 

 

4.9

%

 

 

5.49

%

 

 

12

 

9/12/2024

Marex Capital Markets Inc.

 

 

223,955

 

 

 

4.5

%

 

 

5.49

%

 

 

19

 

9/19/2024

Goldman, Sachs & Co

 

 

208,828

 

 

 

4.2

%

 

 

5.50

%

 

 

16

 

9/16/2024

Bank of Montreal

 

 

207,521

 

 

 

4.2

%

 

 

5.50

%

 

 

16

 

9/16/2024

ING Financial Markets LLC

 

 

197,936

 

 

 

4.0

%

 

 

5.50

%

 

 

19

 

9/19/2024

Daiwa Securities America Inc.

 

 

197,391

 

 

 

4.0

%

 

 

5.48

%

 

 

23

 

9/23/2024

Clear Street LLC

 

 

193,286

 

 

 

3.9

%

 

 

5.49

%

 

 

17

 

9/20/2024

Mirae Asset Securities (USA) Inc.

 

 

190,665

 

 

 

3.9

%

 

 

5.47

%

 

 

17

 

9/18/2024

StoneX Financial Inc.

 

 

158,481

 

 

 

3.2

%

 

 

5.48

%

 

 

19

 

9/19/2024

The Bank of Nova Scotia

 

 

150,360

 

 

 

3.0

%

 

 

5.50

%

 

 

17

 

9/17/2024

South Street Securities, LLC

 

 

148,337

 

 

 

3.0

%

 

 

5.48

%

 

 

19

 

9/24/2024

RBC Capital Markets, LLC

 

 

143,316

 

 

 

2.9

%

 

 

5.51

%

 

 

16

 

9/16/2024

Lucid Prime Fund, LLC

 

 

23,749

 

 

 

0.5

%

 

 

5.50

%

 

 

12

 

9/12/2024

Lucid Cash Fund USG LLC

 

 

17,261

 

 

 

0.3

%

 

 

5.50

%

 

 

12

 

9/12/2024

Total Borrowings

 

$

4,945,858

 

 

 

100.0

%

 

 

5.45

%

 

 

28

 

11/18/2024

 

Orchid Island Capital, Inc.

Robert E. Cauley

3305 Flamingo Drive, Vero Beach, Florida 32963

Telephone: (772) 231-1400

Source: Orchid Island Capital, Inc.

FAQ

What is Orchid Island Capital's (ORC) September 2024 dividend amount?

Orchid Island Capital (ORC) has declared a monthly dividend of $0.12 per share for September 2024.

When will Orchid Island Capital (ORC) pay its September 2024 dividend?

The September 2024 dividend will be paid on October 30, 2024, to shareholders of record as of September 30, 2024.

What is the ex-dividend date for Orchid Island Capital's (ORC) September 2024 dividend?

The ex-dividend date for Orchid Island Capital's (ORC) September 2024 dividend is September 30, 2024.

How many shares of common stock does Orchid Island Capital (ORC) have outstanding as of September 9, 2024?

As of September 9, 2024, Orchid Island Capital (ORC) had 73,997,050 shares of common stock outstanding.

When does Orchid Island Capital (ORC) expect to announce its next dividend?

Orchid Island Capital (ORC) plans to announce its next common stock dividend on October 16, 2024.

Orchid Island Capital, Inc.

NYSE:ORC

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5.04%
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