Orchid Island Capital Announces December 2025 Monthly Dividend and November 30, 2025 RMBS Portfolio Characteristics

Rhea-AI Summary

Orchid Island Capital (NYSE: ORC) declared a $0.12 per share monthly cash dividend for December 2025, payable January 29, 2026 to holders of record on December 31, 2025 (ex-dividend date December 31, 2025). The company plans to announce its next dividend on January 7, 2026 and states an intention to make regular monthly cash distributions.

The release also provides preliminary RMBS portfolio characteristics as of November 30, 2025 and reports shares outstanding of 148,239,401 (Sep 30, 2025), 174,548,004 (Nov 30, 2025) and 179,058,553 (Dec 9, 2025).

Positive

• Dividend declared of $0.12 per share for December 2025
• Next dividend announcement scheduled for January 7, 2026

Negative

• Shares outstanding rose 17.8% from 148,239,401 on Sep 30, 2025 to 174,548,004 on Nov 30, 2025
• Shares outstanding rose an additional 2.6% to 179,058,553 as of Dec 9, 2025
• RMBS portfolio figures are preliminary and subject to change

• December 2025 Monthly Dividend of $0.12 Per Share of Common Stock
• RMBS Portfolio Characteristics as of November 30, 2025
• Next Dividend Announcement Expected January 7, 2026

VERO BEACH, Fla., Dec. 09, 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 December 2025. The dividend of $0.12 per share will be paid January 29, 2026 to holders of record of the Company’s common stock on December 31, 2025, with an ex-dividend date of December 31, 2025. The Company plans on announcing its next common stock dividend on January 7, 2026.

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 December 9, 2025, the Company had 179,058,553 shares of common stock outstanding. As of November 30, 2025, the Company had 174,548,004 shares of common stock outstanding. As of September 30, 2025, the Company had 148,239,401 shares of common stock outstanding.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of November 30, 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			Sep-25 -
																								Nov-25			Nov-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 Dec)			in Dec)			(-50 BPS)				(+50 BPS)
Fixed Rate RMBS
15yr 4.5 TBA		$	250,000		$	250,098		2.53	%			100.04		4.50	%		5.41	%		4		174		n/a			n/a			$	3,124			$	(3,804	)
15yr Total			250,000			250,098		2.53	%			100.04		4.50	%		5.41	%		4		174		n/a			n/a				3,124				(3,804	)
30yr 3.0		$	820,289		$	742,864		7.51	%			90.56		3.00	%		3.48	%		57		295		6.4	%		7.0	%		$	21,460			$	(21,533	)
30yr 3.5			159,755			150,291		1.52	%			94.08		3.50	%		4.04	%		69		277		4.4	%		6.6	%			4,078				(4,105	)
30yr 4.0			153,143			147,527		1.49	%			96.33		4.00	%		4.70	%		55		299		8.3	%		9.3	%			3,633				(3,821	)
30yr 4.5			272,878			269,110		2.72	%			98.62		4.50	%		5.44	%		41		314		13.1	%		11.3	%			5,123				(5,844	)
30yr 5.0			758,505			762,519		7.71	%			100.53		5.00	%		5.98	%		20		336		6.5	%		7.8	%			13,353				(16,297	)
30yr 5.5			2,630,409			2,691,634		27.23	%			102.33		5.50	%		6.46	%		11		346		9.0	%		9.1	%			32,806				(45,296	)
30yr 6.0			2,978,967			3,084,196		31.20	%			103.53		6.00	%		6.93	%		13		343		16.9	%		15.3	%			22,752				(35,370	)
30yr 6.5			1,462,319			1,530,870		15.49	%			104.69		6.50	%		7.39	%		17		338		21.6	%		21.3	%			6,989				(11,266	)
30yr 7.0			230,369			242,648		2.45	%			105.33		7.00	%		7.95	%		25		326		38.8	%		34.4	%			1,528				(1,797	)
30yr Total			9,466,634			9,621,659		97.33	%			101.64		5.50	%		6.39	%		20		335		13.8	%		13.8	%			111,722				(145,329	)
Total Pass-Through RMBS			9,716,634			9,871,757		99.86	%			101.60		5.48	%		6.37	%		20		331		13.8	%		13.8	%			114,846				(149,133	)
Structured RMBS
IO 20yr 4.0			5,481			442		0.00	%			8.07		4.00	%		4.57	%		166		68		10.4	%		11.2	%			2				(2	)
IO 30yr 3.0			2,371			285		0.00	%			12.00		3.00	%		3.64	%		130		220		26.1	%		10.4	%			(1	)			(1	)
IO 30yr 4.0			63,973			11,863		0.12	%			18.54		4.00	%		4.60	%		134		216		5.7	%		9.7	%			(286	)			176
IO 30yr 4.5			2,799			508		0.01	%			18.16		4.50	%		4.99	%		185		162		5.4	%		7.9	%			(5	)			2
IO 30yr 5.0			1,448			300		0.00	%			20.72		5.00	%		5.37	%		185		162		1.1	%		11.4	%			(5	)			3
IO Total			76,072			13,398		0.14	%			17.61		4.01	%		4.59	%		139		202		6.6	%		9.8	%			(295	)			178
IIO 30yr 4.0			17,923			200		0.00	%			1.12		0.00	%		4.40	%		98		250		0.7	%		0.9	%			117				(82	)
Total Structured RMBS			93,995			13,598		0.14	%			14.47		3.24	%		4.56	%		132		212		5.5	%		8.1	%			(178	)			96
Total Mortgage Assets		$	9,810,629		$	9,885,355		100.00	%					5.46	%		6.35	%		21		330		13.7	%		13.8	%		$	114,668			$	(149,037	)

					Hedge		Modeled Interest
		Notional			Period		Rate Sensitivity (1)
Hedge		Balance			End		(-50 BPS)				(+50 BPS)
3-Month SOFR Futures		$	(390,000	)	Sep-26		$	(3,087	)		$	3,087
5-Year Treasury Future(2)			(562,500	)	May-30			(11,896	)			11,631
10-Year Treasury Future(3)			(90,000	)	Nov-32			(2,989	)			2,905
10-Year Ultra Treasury Future(4)			(60,000	)	Aug-35			(2,737	)			2,624
5-Year ERIS SOFR Swap Futures			(10,000	)	Dec-30			(228	)			221
Swaps			(4,433,300	)	Feb-31			(106,796	)			103,367
TBA Short			(644,900	)	Dec-25			(5,994	)			9,442
Hedge Total		$	(6,190,700	)			$	(133,727	)		$	133,277
Rate Shock Grand Total							$	(19,059	)		$	(15,760	)

(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 $109.77 at November 30, 2025. The market value of the short position was $617.4 million.
(3	)	Ten-year Treasury futures contracts were valued at prices of $113.34 at November 30, 2025. The market value of the short position was $102.0 million.
(4	)	Ten-year Ultra futures contracts were valued at prices of $116.20 at November 30, 2025. The market value of the short position was $69.7 million.

RMBS Assets by Agency
($ in thousands)
						Percentage
		Fair				of
Asset Category		Value				Portfolio
As of November 30, 2025
Fannie Mae		$	5,428,964				56.3	%
Freddie Mac			4,206,293				43.7	%
Total Mortgage Assets		$	9,635,257				100.0	%

Investment Company Act of 1940 Whole Pool Test
($ in thousands)
						Percentage
		Fair				of
Asset Category		Value				Portfolio
As of November 30, 2025
Non-Whole Pool Assets		$	644,016				6.7	%
Whole Pool Assets			8,991,241				93.3	%
Total Mortgage Assets		$	9,635,257				100.0	%

Borrowings By Counterparty
($ in thousands)
										Weighted				Weighted
						% of				Average				Average
		Total				Total				Repo				Maturity			Longest
As of November 30, 2025		Borrowings				Debt				Rate				in Days			Maturity
Citigroup Global Markets Inc		$	529,451				5.8	%			4.08	%			48		2/25/2026
J.P. Morgan Securities LLC			502,011				5.5	%			4.14	%			21		12/24/2025
Merrill Lynch, Pierce, Fenner & Smith			465,998				5.1	%			4.17	%			48		2/13/2026
South Street Securities, LLC			423,391				4.7	%			4.04	%			147		11/13/2026
Wells Fargo Securities, LLC			387,082				4.3	%			4.14	%			10		12/29/2025
DV Securities, LLC Repo			381,437				4.2	%			4.09	%			43		2/20/2026
Hidden Road Partners Civ US LLC			379,212				4.2	%			4.11	%			30		2/24/2026
Daiwa Securities America Inc.			377,886				4.2	%			4.10	%			86		3/23/2026
ASL Capital Markets Inc.			377,675				4.2	%			4.16	%			63		9/21/2026
ABN AMRO Bank N.V.			368,418				4.1	%			4.14	%			41		1/26/2026
Marex Capital Markets Inc.			367,575				4.1	%			4.13	%			41		1/23/2026
StoneX Financial Inc.			365,735				4.0	%			4.13	%			21		12/22/2025
The Bank of Nova Scotia			362,385				4.0	%			4.13	%			23		12/23/2025
Clear Street LLC			350,740				3.9	%			4.12	%			14		12/18/2025
Bank of Montreal			346,435				3.8	%			4.10	%			31		1/14/2026
Goldman, Sachs & Co			327,932				3.6	%			4.12	%			28		12/29/2025
Mirae Asset Securities (USA) Inc.			327,016				3.6	%			4.12	%			22		1/15/2026
RBC Capital Markets, LLC			322,041				3.6	%			4.09	%			57		1/26/2026
Banco Santander SA			315,820				3.5	%			4.13	%			27		2/13/2026
Cantor Fitzgerald & Co			308,472				3.4	%			4.09	%			51		1/26/2026
ING Financial Markets LLC			284,938				3.1	%			4.07	%			79		2/17/2026
MUFG Securities Canada, Ltd.			251,521				2.8	%			4.13	%			5		12/5/2025
Mitsubishi UFJ Securities (USA), Inc.			239,322				2.6	%			4.13	%			15		12/15/2025
Nomura Securities International, Inc.			207,915				2.3	%			4.16	%			15		12/15/2025
Mizuho Securities USA LLC			206,505				2.3	%			4.09	%			43		1/26/2026
Brean Capital, LLC			149,905				1.7	%			4.14	%			11		12/11/2025
Natixis, New York Branch			105,592				1.2	%			4.20	%			1		12/1/2025
Lucid Prime Fund, LLC			33,925				0.4	%			4.12	%			11		12/11/2025
Total Borrowings		$	9,066,335				100.0	%			4.12	%			41		11/13/2026

Contact:

Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400

FAQ

What dividend did Orchid Island Capital (ORC) declare for December 2025?

The board declared a monthly cash dividend of $0.12 per share for December 2025.

When will Orchid Island Capital (ORC) pay the December 2025 dividend?

The dividend will be paid on January 29, 2026 to holders of record on December 31, 2025.

What is the ex-dividend date for ORC's December 2025 dividend?

The ex-dividend date is December 31, 2025.

When will Orchid Island Capital (ORC) announce its next common stock dividend?

The company plans to announce its next common stock dividend on January 7, 2026.

How many ORC shares were outstanding as of November 30, 2025?

There were 174,548,004 shares of common stock outstanding as of November 30, 2025.

Do the RMBS portfolio figures in the ORC update represent final valuations?

No, the RMBS portfolio characteristics as of November 30, 2025 are described as preliminary and subject to change.