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
News Market Reaction – ORC
On the day this news was published, ORC declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Key mortgage REIT peers showed mixed moves, from -1.57% (TWO) to +0.28% (FBRT), with no broad, uniform sector direction evident against ORC’s flat price.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Monthly dividend | Neutral | -0.3% | Announced $0.12 November dividend and October 31 RMBS portfolio update. |
| Oct 23 | Quarter earnings results | Positive | +2.7% | Reported Q3 2025 net income, gains on RMBS, higher book value. |
| Oct 15 | Dividend & estimates | Positive | +0.6% | Estimated Q3 results, confirmed $0.12 dividend, and book value metrics. |
| Oct 06 | Earnings call notice | Neutral | -0.8% | Scheduled Q3 2025 results release and earnings conference call. |
| Sep 08 | Monthly dividend | Neutral | -0.3% | Declared $0.12 September dividend and highlighted REIT payout rules. |
Dividend/RMBS updates at ORC have typically coincided with very modest price moves, often slightly negative, suggesting these announcements are largely anticipated.
Over the last six months, Orchid Island Capital has repeatedly declared a $0.12 monthly dividend while growing its share count and RMBS portfolio. Earnings on Oct 23, 2025 showed stronger net income and book value, while multiple dividend/RMBS updates on May 7, Jun 10, Sep 8, and Nov 12 reinforced a consistent payout level. Today’s December 2025 dividend and November 30 RMBS snapshot extend this same pattern of monthly disclosures.
Regulatory & Risk Context
The company has an effective automatic shelf registration on Form S-3ASR dated Oct 27, 2025, allowing issuance of various securities, and it has already been utilized via at-the-market offerings, which can facilitate additional equity raises alongside ongoing dividend payments.
Market Pulse Summary
This announcement maintained a monthly dividend of $0.12 per share for December 2025 and provided an intra-quarter RMBS portfolio update as of November 30, 2025. Share count continued to rise to 179,058,553 by December 9, 2025, following earlier issuance. Investors may monitor future dividend declarations, changes in RMBS portfolio risk measures, and any additional usage of the company’s S-3ASR and at-the-market program.
Key Terms
real estate investment trust financial
REIT financial
Investment Company Act of 1940 regulatory
repurchase agreement financial
RMBS financial
AI-generated analysis. Not financial advice.
- 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
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 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 |
| (3 | ) | Ten-year Treasury futures contracts were valued at prices of |
| (4 | ) | Ten-year Ultra futures contracts were valued at prices of |
| 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?
When will Orchid Island Capital (ORC) pay the December 2025 dividend?
What is the ex-dividend date for ORC's December 2025 dividend?
When will Orchid Island Capital (ORC) announce its next common stock dividend?
How many ORC shares were outstanding as of November 30, 2025?
Do the RMBS portfolio figures in the ORC update represent final valuations?
