Orchid Island Capital Announces September 2025 Monthly Dividend and August 31, 2025 RMBS Portfolio Characteristics
Orchid Island Capital (NYSE:ORC) has declared a monthly cash dividend of $0.12 per share for September 2025, payable on October 30, 2025, to stockholders of record as of September 30, 2025. The company, operating as a REIT, must distribute at least 90% of its taxable income annually to maintain its REIT status.
The company's outstanding shares have increased from 126.57 million as of June 30, 2025, to 146.13 million as of September 8, 2025, indicating significant share issuance. The next dividend announcement is expected on October 15, 2025. The company notes that future distributions are not guaranteed and will depend on various factors.
Orchid Island Capital (NYSE:ORC) ha dichiarato un dividendo in contanti mensile di $0,12 per azione relativo a settembre 2025, che sarà pagabile il 30 ottobre 2025 agli azionisti registrati al 30 settembre 2025. In quanto REIT, la società è tenuta a distribuire almeno il 90% del proprio reddito imponibile ogni anno per mantenere lo status di REIT.
Le azioni in circolazione sono aumentate da 126,57 milioni al 30 giugno 2025 a 146,13 milioni all'8 settembre 2025, segnalando una significativa emissione di azioni. Il prossimo annuncio relativo al dividendo è previsto per il 15 ottobre 2025. La società avverte che le distribuzioni future non sono garantite e dipenderanno da vari fattori.
Orchid Island Capital (NYSE:ORC) ha declarado un dividendo en efectivo mensual de $0,12 por acción correspondiente a septiembre de 2025, pagadero el 30 de octubre de 2025 a los accionistas registrados al 30 de septiembre de 2025. Como REIT, la compañía debe distribuir al menos el 90% de su renta imponible cada año para mantener su condición de REIT.
Las acciones en circulación aumentaron de 126,57 millones al 30 de junio de 2025 a 146,13 millones al 8 de septiembre de 2025, lo que indica una emisión significativa de acciones. Se espera que el próximo anuncio del dividendo se realice el 15 de octubre de 2025. La compañía señala que las distribuciones futuras no están garantizadas y dependerán de diversos factores.
Orchid Island Capital (NYSE:ORC)는 2025년 9월분 월간 현금 배당금 주당 $0.12를 발표했으며, 2025년 9월 30일 기준 주주에게 2025년 10월 30일에 지급될 예정입니다. REIT로서 회사는 REIT 지위를 유지하려면 과세소득의 최소 90%를 매년 배당해야 합니다.
발행 주식수는 2025년 6월 30일 기준 1억 2657만 주에서 2025년 9월 8일 기준 1억 4613만 주로 증가해 상당한 주식 발행을 나타냅니다. 다음 배당 발표는 2025년 10월 15일로 예상됩니다. 회사는 향후 분배가 보장되지 않으며 여러 요인에 따라 달라질 수 있다고 주의하고 있습니다.
Orchid Island Capital (NYSE:ORC) a déclaré un dividende en espèces mensuel de 0,12 $ par action pour septembre 2025, payable le 30 octobre 2025 aux actionnaires inscrits au 30 septembre 2025. En tant que REIT, la société doit distribuer au moins 90 % de son revenu imposable chaque année pour conserver son statut de REIT.
Le nombre d'actions en circulation est passé de 126,57 millions au 30 juin 2025 à 146,13 millions au 8 septembre 2025, indiquant une émission d'actions significative. La prochaine annonce de dividende est prévue pour le 15 octobre 2025. La société précise que les distributions futures ne sont pas garanties et dépendront de divers facteurs.
Orchid Island Capital (NYSE:ORC) hat eine monatliche Bardividende von $0,12 je Aktie für September 2025 angekündigt, zahlbar am 30. Oktober 2025 an Aktionäre, die am 30. September 2025 im Register stehen. Als REIT muss das Unternehmen jährlich mindestens 90 % seines steuerpflichtigen Einkommens ausschütten, um den REIT-Status zu behalten.
Die ausstehenden Aktien stiegen von 126,57 Millionen zum 30. Juni 2025 auf 146,13 Millionen zum 8. September 2025, was auf erhebliche Aktienausgaben hindeutet. Die nächste Dividendenbekanntgabe wird für den 15. Oktober 2025 erwartet. Das Unternehmen weist darauf hin, dass künftige Ausschüttungen nicht garantiert sind und von verschiedenen Faktoren abhängen werden.
- Monthly dividend maintained at $0.12 per share
- Company maintains REIT status with required 90% income distribution
- Significant share count increase from 126.57M to 146.13M shares in just over two months, indicating potential dilution
- Company explicitly states no guarantee of future dividend payments
- No minimum distribution level established
- September 2025 Monthly Dividend of
$0.12 Per Share of Common Stock - RMBS Portfolio Characteristics as of August 31, 2025
- Next Dividend Announcement Expected October 15, 2025
VERO BEACH, Fla., Sept. 08, 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 September 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 September 8, 2025, the Company had 146,130,135 shares of common stock outstanding. As of August 31, 2025, the Company had 141,863,067 shares of common stock outstanding. As of June 30, 2025, the Company had 126,566,926 shares of common stock outstanding.
RMBS Portfolio Characteristics
Details of the RMBS portfolio as of August 31, 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 | Jun-25 - | ||||||||||||||||||||||||||||||||||||||
| Aug-25 | Aug-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 Sep) | in Sep) | (-50 BPS) | (+50 BPS) | |||||||||||||||||||||||||||
| Fixed Rate RMBS | |||||||||||||||||||||||||||||||||||||||
| 15yr 5.0 TBA | $ | 250,000 | $ | 252,617 | 3.07 | % | 101.05 | 5.00 | % | 5.84 | % | 4 | 174 | n/a | n/a | $ | 2,900 | $ | (3,532 | ) | |||||||||||||||||||
| 15yr Total | 250,000 | 252,617 | 3.07 | % | 101.05 | 5.00 | % | 5.84 | % | 4 | 174 | n/a | n/a | 2,900 | (3,532 | ) | |||||||||||||||||||||||
| 30yr 3.0 | $ | 841,083 | $ | 744,124 | 9.05 | % | 88.47 | 3.00 | % | 3.48 | % | 54 | 298 | 6.7 | % | 7.0 | % | $ | 21,908 | $ | (22,062 | ) | |||||||||||||||||
| 30yr 3.5 | 164,582 | 151,262 | 1.84 | % | 91.91 | 3.50 | % | 4.04 | % | 66 | 281 | 10.6 | % | 9.6 | % | 4,146 | (4,172 | ) | |||||||||||||||||||||
| 30yr 4.0 | 157,284 | 148,319 | 1.80 | % | 94.30 | 4.00 | % | 4.70 | % | 52 | 303 | 5.6 | % | 7.3 | % | 3,851 | (3,993 | ) | |||||||||||||||||||||
| 30yr 4.5 | 281,933 | 273,042 | 3.32 | % | 96.85 | 4.50 | % | 5.44 | % | 38 | 317 | 11.2 | % | 11.1 | % | 5,791 | (6,359 | ) | |||||||||||||||||||||
| 30yr 5.0 | 451,421 | 447,911 | 5.45 | % | 99.22 | 5.00 | % | 5.93 | % | 31 | 323 | 8.6 | % | 9.0 | % | 9,062 | (10,243 | ) | |||||||||||||||||||||
| 30yr 5.5 | 1,753,845 | 1,779,536 | 21.65 | % | 101.46 | 5.50 | % | 6.45 | % | 11 | 346 | 3.9 | % | 5.8 | % | 29,277 | (36,094 | ) | |||||||||||||||||||||
| 30yr 6.0 | 2,492,617 | 2,569,706 | 31.26 | % | 103.09 | 6.00 | % | 6.93 | % | 12 | 344 | 9.7 | % | 9.1 | % | 27,452 | (37,912 | ) | |||||||||||||||||||||
| 30yr 6.5 | 1,504,121 | 1,571,364 | 19.12 | % | 104.47 | 6.50 | % | 7.39 | % | 14 | 342 | 10.7 | % | 14.0 | % | 10,800 | (16,491 | ) | |||||||||||||||||||||
| 30yr 7.0 | 252,767 | 266,861 | 3.25 | % | 105.58 | 7.00 | % | 7.94 | % | 22 | 330 | 26.8 | % | 24.5 | % | 1,728 | (2,283 | ) | |||||||||||||||||||||
| 30yr Total | 7,899,653 | 7,952,125 | 96.75 | % | 100.66 | 5.49 | % | 6.36 | % | 21 | 334 | 8.8 | % | 9.8 | % | 114,015 | (139,609 | ) | |||||||||||||||||||||
| Total Pass-Through RMBS | 8,149,653 | 8,204,742 | 99.82 | % | 100.68 | 5.48 | % | 6.35 | % | 20 | 329 | 8.8 | % | 9.8 | % | 116,915 | (143,141 | ) | |||||||||||||||||||||
| Structured RMBS | |||||||||||||||||||||||||||||||||||||||
| IO 20yr 4.0 | 5,891 | 491 | 0.01 | % | 8.33 | 4.00 | % | 4.57 | % | 163 | 71 | 13.8 | % | 13.2 | % | 2 | (2 | ) | |||||||||||||||||||||
| IO 30yr 3.0 | 2,401 | 293 | 0.00 | % | 12.19 | 3.00 | % | 3.64 | % | 127 | 223 | 1.0 | % | 10.4 | % | - | (1 | ) | |||||||||||||||||||||
| IO 30yr 4.0 | 66,425 | 12,576 | 0.15 | % | 18.93 | 4.00 | % | 4.60 | % | 132 | 219 | 4.3 | % | 6.8 | % | (253 | ) | 154 | |||||||||||||||||||||
| IO 30yr 4.5 | 2,883 | 530 | 0.01 | % | 18.39 | 4.50 | % | 4.99 | % | 182 | 165 | 3.4 | % | 7.2 | % | (5 | ) | 2 | |||||||||||||||||||||
| IO 30yr 5.0 | 1,511 | 318 | 0.00 | % | 21.03 | 5.00 | % | 5.37 | % | 182 | 165 | 1.2 | % | 8.2 | % | (5 | ) | 3 | |||||||||||||||||||||
| IO Total | 79,111 | 14,208 | 0.17 | % | 17.96 | 4.01 | % | 4.59 | % | 137 | 205 | 4.8 | % | 7.4 | % | (261 | ) | 156 | |||||||||||||||||||||
| IIO 30yr 4.0 | 19,079 | 222 | 0.00 | % | 1.16 | 0.00 | % | 4.40 | % | 95 | 253 | 12.4 | % | 7.6 | % | 106 | (78 | ) | |||||||||||||||||||||
| Total Structured RMBS | 98,190 | 14,430 | 0.18 | % | 14.70 | 3.23 | % | 4.56 | % | 129 | 214 | 6.3 | % | 7.5 | % | (155 | ) | 78 | |||||||||||||||||||||
| Total Mortgage Assets | $ | 8,247,843 | $ | 8,219,172 | 100.00 | % | 5.45 | % | 6.33 | % | 22 | 328 | 8.8 | % | 9.8 | % | $ | 116,760 | $ | (143,063 | ) | ||||||||||||||||||
| Hedge | Modeled Interest | |||||||||||
| Notional | Period | Rate Sensitivity (1) | ||||||||||
| Hedge | Balance | End | (-50 BPS) | (+50 BPS) | ||||||||
| 3-Month SOFR Futures | $ | (355,625 | ) | Sep-26 | $ | (3,556 | ) | $ | 3,556 | |||
| 5-Year Treasury Future(2) | (562,500 | ) | Dec-25 | (11,789 | ) | 11,613 | ||||||
| 10-Year Treasury Future(3) | (228,500 | ) | Dec-25 | (7,522 | ) | 7,308 | ||||||
| 10-Year Ultra Treasury Future(4) | (197,500 | ) | Dec-25 | (8,864 | ) | 8,464 | ||||||
| 5-Year ERIS SOFR Swap Futures | (10,000 | ) | Sep-25 | (236 | ) | 229 | ||||||
| Swaps | (3,943,300 | ) | Feb-31 | (99,092 | ) | 95,773 | ||||||
| TBA Short | (300,300 | ) | Sep-25 | (3,742 | ) | 5,112 | ||||||
| Hedge Total | $ | (5,597,725 | ) | $ | (134,801 | ) | $ | 132,055 | ||||
| Rate Shock Grand Total | $ | (18,041 | ) | $ | (11,008 | ) | ||||||
| (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 August 31, 2025 | ||||||
| Fannie Mae | $ | 4,726,166 | 59.3 | % | ||
| Freddie Mac | 3,240,389 | 40.7 | % | |||
| Total Mortgage Assets | $ | 7,966,555 | 100.0 | % | ||
| Investment Company Act of 1940 Whole Pool Test | ||||||
| ($ in thousands) | ||||||
| Percentage | ||||||
| Fair | of | |||||
| Asset Category | Value | Portfolio | ||||
| As of August 31, 2025 | ||||||
| Non-Whole Pool Assets | $ | 516,595 | 6.5 | % | ||
| Whole Pool Assets | 7,449,960 | 93.5 | % | |||
| Total Mortgage Assets | $ | 7,966,555 | 100.0 | % | ||
| Borrowings By Counterparty | |||||||||||
| ($ in thousands) | |||||||||||
| Weighted | Weighted | ||||||||||
| % of | Average | Average | |||||||||
| Total | Total | Repo | Maturity | Longest | |||||||
| As of August 31, 2025 | Borrowings | Debt | Rate | in Days | Maturity | ||||||
| Merrill Lynch, Pierce, Fenner & Smith | $ | 409,685 | 5.5 | % | 4.41 | % | 79 | 2/13/2026 | |||
| Citigroup Global Markets Inc | 379,874 | 5.1 | % | 4.47 | % | 56 | 12/1/2025 | ||||
| Wells Fargo Securities, LLC | 372,762 | 5.0 | % | 4.45 | % | 44 | 10/28/2025 | ||||
| Bank of Montreal | 360,232 | 4.8 | % | 4.46 | % | 41 | 11/28/2025 | ||||
| ASL Capital Markets Inc. | 360,147 | 4.8 | % | 4.43 | % | 51 | 8/27/2026 | ||||
| ABN AMRO Bank N.V. | 353,995 | 4.7 | % | 4.47 | % | 19 | 9/22/2025 | ||||
| South Street Securities, LLC | 347,968 | 4.6 | % | 4.40 | % | 94 | 8/27/2026 | ||||
| J.P. Morgan Securities LLC | 343,427 | 4.6 | % | 4.51 | % | 28 | 10/23/2025 | ||||
| DV Securities, LLC Repo | 341,187 | 4.6 | % | 4.48 | % | 41 | 10/28/2025 | ||||
| Goldman, Sachs & Co | 339,354 | 4.5 | % | 4.45 | % | 27 | 9/29/2025 | ||||
| Mirae Asset Securities (USA) Inc. | 333,091 | 4.4 | % | 4.48 | % | 54 | 11/13/2025 | ||||
| StoneX Financial Inc. | 331,030 | 4.4 | % | 4.49 | % | 20 | 9/29/2025 | ||||
| Clear Street LLC | 307,900 | 4.1 | % | 4.48 | % | 30 | 10/31/2025 | ||||
| Marex Capital Markets Inc. | 304,426 | 4.1 | % | 4.46 | % | 23 | 9/25/2025 | ||||
| RBC Capital Markets, LLC | 300,548 | 4.0 | % | 4.49 | % | 21 | 9/26/2025 | ||||
| ING Financial Markets LLC | 292,441 | 3.9 | % | 4.49 | % | 17 | 9/17/2025 | ||||
| Daiwa Securities America Inc. | 289,652 | 3.9 | % | 4.48 | % | 32 | 11/13/2025 | ||||
| Cantor Fitzgerald & Co | 275,494 | 3.7 | % | 4.47 | % | 26 | 9/26/2025 | ||||
| Banco Santander SA | 265,835 | 3.6 | % | 4.50 | % | 16 | 9/16/2025 | ||||
| MUFG Securities Canada, Ltd. | 254,254 | 3.4 | % | 4.48 | % | 5 | 9/5/2025 | ||||
| Mitsubishi UFJ Securities (USA), Inc. | 245,918 | 3.3 | % | 4.49 | % | 38 | 10/14/2025 | ||||
| The Bank of Nova Scotia | 242,470 | 3.2 | % | 4.50 | % | 37 | 10/23/2025 | ||||
| Nomura Securities International, Inc. | 159,190 | 2.1 | % | 4.44 | % | 33 | 10/14/2025 | ||||
| Mizuho Securities USA LLC | 137,455 | 1.8 | % | 4.49 | % | 26 | 9/26/2025 | ||||
| Natixis, New York Branch | 104,822 | 1.4 | % | 4.48 | % | 29 | 9/29/2025 | ||||
| Lucid Prime Fund, LLC | 34,922 | 0.5 | % | 4.49 | % | 11 | 9/11/2025 | ||||
| Total Borrowings | $ | 7,488,079 | 100.0 | % | 4.47 | % | 37 | 8/27/2026 | |||
Contact:
Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400
FAQ
What is Orchid Island Capital's (ORC) dividend for September 2025?
When is ORC's next dividend announcement expected?
How many shares of ORC stock were outstanding as of September 8, 2025?
What is the dividend distribution requirement for Orchid Island Capital as a REIT?
How has ORC's share count changed from June to September 2025?
