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Orchid Island Capital, Inc. (symbol: ORC) is a prominent financial services company headquartered at 3305 Flamingo Dr, Vero Beach, FL, United States. Specializing in investments in residential mortgage-backed securities (RMBS), Orchid Island Capital Inc strategically positions itself within the U.S. financial market.
The company’s investment portfolio is primarily focused on two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS. The structured Agency RMBS include a variety of securities such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities. Notably, the principal and interest payments of its RMBS are guaranteed by federal entities such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or the Government National Mortgage Association (Ginnie Mae), all of which are secured by single-family residential mortgage loans.
Orchid Island Capital Inc has made significant strides in the financial sector through strategic investments and strong partnerships. The company’s diverse portfolio and meticulous approach have enabled it to achieve impressive financial stability and growth. Recent achievements include expanding their investment horizon and improving their asset management strategies to maximize returns for their investors.
The company remains committed to leveraging its expertise in RMBS to deliver consistent performance and value to its shareholders. By navigating the complexities of the mortgage-backed securities market and aligning with federal guarantees, Orchid Island Capital ensures a robust and secure investment framework.
For those seeking the latest updates and detailed information about Orchid Island Capital, Inc., StockTitan offers comprehensive insights, including recent news, financial reports, and developments that impact the company and its stock performance.
Orchid Island Capital announced a monthly cash dividend of $0.065 per share for November 2020, payable on December 29, 2020. Shareholders must be on record by November 30, 2020, with an ex-dividend date of November 27, 2020. The company plans to continue regular monthly cash distributions as required to maintain its REIT status, which mandates distributing at least 90% of its taxable income annually. The company also needs to manage taxable income distributions to avoid taxes.
Orchid Island Capital, a real estate investment trust (REIT), announced it will release its third-quarter 2020 results after the close of trading on October 29, 2020. The earnings conference call is scheduled for October 30, 2020, at 10:00 AM ET, accessible via phone or through a live audio webcast on the company’s website. Orchid specializes in investing in Agency RMBS, focusing on both traditional and structured Agency RMBS. It is managed by Bimini Advisors, LLC, a registered investment adviser.
Orchid Island Capital (NYSE:ORC) declared a monthly cash dividend of $0.065 per share for October 2020, to be paid on November 25, 2020. Shareholders on record by October 30, 2020 will qualify, with an ex-dividend date of October 29, 2020. As of September 30, 2020, the estimated book value per share was $5.44, with total stockholders' equity at approximately $376.7 million. The company estimates a net income per share of $0.42 for the quarter, exceeding the dividends declared of $0.19 per share.
Orchid Island Capital (NYSE:ORC) declared a monthly cash dividend of $0.065 per share for September 2020, payable on October 28, 2020, to stockholders on record as of September 30, 2020. The ex-dividend date is September 29, 2020. As a REIT, the company must distribute at least 90% of its taxable income annually to avoid income tax. Although no minimum distribution is established, future cash distributions are planned. As of September 16, 2020, there were 68,906,465 shares of common stock outstanding.
Orchid Island Capital declared a monthly cash dividend of $0.065 per share for August 2020, payable on September 28, 2020, to shareholders of record on August 31, 2020. The ex-dividend date is set for August 28, 2020. The company's upcoming dividend announcement is expected on September 16, 2020. As a REIT, Orchid must distribute at least 90% of its taxable income annually to avoid income tax liabilities on undistributed amounts. Currently, there are 66,402,329 shares of common stock outstanding.
Orchid Island Capital (NYSE:ORC) reported a net income of $48.8 million, or $0.74 per share, for Q2 2020, a significant increase from $3.5 million in Q2 2019. The results include $22.8 million in net interest income and $28.7 million in gains on RMBS and derivatives. The total declared dividend was $0.165 per share, with an estimated book value per share between $5.23 and $5.33 as of July 29, 2020. Despite facing challenges due to COVID-19, the company maintained liquidity of approximately $186 million and reported a total return of 15.8% for the quarter.
Orchid Island Capital, Inc. (NYSE:ORC) announced a monthly cash dividend of $0.06 per share, payable on August 27, 2020. The dividend is part of the company's requirement as a REIT to distribute at least 90% of its taxable income. For the quarter ended June 30, 2020, the estimated net income was $0.74 per share, including $0.43 from gains on RMBS and derivatives. The estimated book value per share was $5.22. The total return on equity for this quarter was 15.8%.
Orchid Island Capital (NYSE: ORC) will release its second quarter 2020 results on July 30, 2020, after market close. The company, a real estate investment trust focusing on Agency RMBS, will hold an earnings conference call on July 31, 2020, at 10:00 AM ET. Investors can access the call by dialing in or via a live audio webcast on the company’s website. Orchid's portfolio primarily consists of traditional and structured Agency RMBS, and it's managed by Bimini Advisors, LLC.
Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly cash dividend of $0.055 per share for June 2020. This dividend will be paid on July 29, 2020, to stockholders of record as of June 30, 2020, with an ex-dividend date of June 29, 2020. The Company aims to maintain regular monthly cash distributions, aligning with REIT requirements to distribute at least 90% of taxable income annually. As of June 12, 2020, the estimated book value per share ranged from $5.30 to $5.40.
Orchid Island Capital, Inc. (NYSE:ORC) has announced a monthly cash dividend of $0.055 per share for May 2020, payable on June 26, 2020. The record date is May 29, 2020, with an ex-dividend date of May 28, 2020. To maintain its status as a real estate investment trust (REIT), the company must distribute at least 90% of its REIT taxable income annually. As of May 12, 2020, the estimated book value per share ranges from $5.24 to $5.34, with total stockholders' equity between $346.8 million to $353.4 million.
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