Welcome to our dedicated page for Orchid Is Cap news (Ticker: ORC), a resource for investors and traders seeking the latest updates and insights on Orchid Is Cap stock.
Orchid Island Capital Inc (ORC) specializes in agency residential mortgage-backed securities (RMBS), leveraging government-guaranteed investments to balance risk and return. This page serves as the definitive source for all official company announcements and market-relevant developments.
Access real-time updates on ORC's strategic initiatives, portfolio adjustments, and financial performance. Investors will find critical information spanning quarterly earnings reports, capital allocation decisions, and risk management practices, alongside analysis of broader RMBS market trends impacting the company.
Our curated news collection includes:
- Earnings releases and dividend announcements
- Strategic acquisitions and portfolio rebalancing
- Updates on hedging strategies and interest rate exposure
- Regulatory developments affecting agency RMBS markets
Bookmark this page for streamlined access to ORC's evolving financial narrative. Regular updates ensure stakeholders remain informed about the company's position within the specialty finance sector.
Orchid Island Capital, Inc. (NYSE:ORC) has successfully closed an underwritten public offering of 8,740,000 common shares, raising approximately $45.3 million in net proceeds. This includes 1,140,000 shares from the underwriter's full exercise of its option for additional shares. The company plans to use these funds to invest in Agency RMBS and for general corporate purposes, with expectations to leverage its investments through repurchase agreements. The offering was conducted under a shelf registration statement effective since February 10, 2020.
Orchid Island Capital (NYSE:ORC) has announced a public offering of 7,600,000 shares, aiming to raise roughly $40.3 million. A 30-day option for an additional 1,140,000 shares is available to the underwriter. The offering is set to close on January 25, 2021, pending customary conditions, with J.P. Morgan acting as the bookrunner. Proceeds will be used for purchasing Agency RMBS and general corporate needs, with plans to leverage the assets through repurchase agreements.
Orchid Island Capital plans a public offering of 7,600,000 shares of its common stock, with an underwriting option for an additional 1,140,000 shares. J.P. Morgan will manage the offering, leveraging proceeds to invest in Agency RMBS and for general corporate purposes. The company aims to borrow against these investments to acquire more Agency RMBS. The offering is under an effective shelf registration statement filed with the SEC. This announcement does not constitute an offer to sell or solicit any purchase of the shares.
Orchid Island Capital (NYSE:ORC) has declared a monthly cash dividend of $0.065 per share for January 2021, payable on February 24, 2021. Stockholders on record as of January 29, 2021 will receive this payment, with an ex-dividend date of January 28, 2021. The company, which must distribute at least 90% of its REIT taxable income to maintain its tax status, generated an estimated net income per share of $0.23 for the quarter ending December 31, 2020.
Orchid Island Capital announced a monthly cash dividend of $0.065 per share for December 2020, payable on January 27, 2020. This dividend will benefit shareholders of record as of December 31, 2020, with an ex-dividend date of December 30, 2020. The company plans to continue regular monthly distributions as part of its commitment as a real estate investment trust (REIT), which requires an annual distribution of 90% of its taxable income. As of December 15, 2020, there were 72,604,539 shares outstanding.
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.
