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. reports news as a mortgage REIT and specialty finance company investing on a leveraged basis in Agency residential mortgage-backed securities. Its portfolio includes traditional pass-through Agency RMBS and structured Agency RMBS, including collateralized mortgage obligations and other structured securities issued or guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.
Recurring updates cover monthly common-stock dividends, REIT distribution considerations, RMBS portfolio characteristics, book value estimates, quarterly operating results, net interest income, derivative gains or losses, interest rate swaps, liquidity, repurchase agreement funding and lender capacity. The company is managed by Bimini Advisors, LLC, a registered investment adviser.
Bimini Capital Management (BMNM) will announce its second quarter 2022 results on August 11, 2022, after market close. An earnings conference call will take place the following day, August 12, 2022, at 10:00 AM ET, accessible via live audio webcast or dial-in registration. Bimini primarily invests in residential mortgage-related securities and serves as the external manager for Orchid Island Capital (ORC), a real estate investment trust. Bimini's management strategy aims at maximizing the yield spread on its assets.
Orchid Island Capital, Inc. (NYSE:ORC) has announced it will release its second quarter 2022 results on August 4, 2022, after the stock market closes. An earnings conference call will take place on August 5, 2022, at 10:00 AM ET. Investors can access the call by dialing 888-510-2356 and using conference ID 8493186. Additionally, a live audio webcast will be available on the company's investor relations website, with an archive accessible until September 4, 2022.
Orchid Island Capital (NYSE: ORC) declared a monthly cash dividend of $0.045 per share for July 2022, payable on August 29, 2022. The estimated book value per share as of June 30, 2022, is $2.87, while the company reported an estimated net loss of $0.34 per share, attributed to $0.46 of net losses on RMBS and derivatives. The estimated total return on equity was (10.0)% for the quarter. Orchid Island aims to distribute 90% of its REIT taxable income to avoid tax penalties but has not guaranteed future distributions.
Orchid Island Capital announced a monthly cash dividend of $0.045 per share for June 2022, with payment scheduled for July 27, 2022. Shareholders on record as of June 30, 2022 will receive this dividend, while the ex-dividend date is set for June 29, 2022. The company plans to announce its next dividend on July 13, 2022. As a REIT, it is required to distribute at least 90% of its taxable income annually to avoid income tax issues. However, the company has not guaranteed future distributions.
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Orchid Island Capital announced a monthly cash dividend of $0.045 per share for May 2022, payable on June 28, 2022, to shareholders on record as of May 31, 2022. The ex-dividend date is May 27, 2022. The company aims to maintain regular monthly distributions to meet its REIT obligations, which require it to distribute at least 90% of its taxable income annually. Additionally, the next dividend announcement is expected on June 14, 2022. As of May 11, 2022, the company had 177,117,186 shares outstanding.
Orchid Island Capital (NYSE:ORC) reported a significant net loss of $148.7 million ($0.84 per share) for Q1 2022, compared to a $29.4 million loss in Q1 2021. Total expenses were $4.7 million, while net interest income stood at $39.2 million. The company’s book value dropped to $3.34 per share, reflecting a $1.00 decrease. The total return was a negative 19.5%, attributed to dividend payouts and the decrease in book value. Orchid adapted to rising interest rates by repositioning its hedge positions and ensuring liquidity, despite challenges posed by inflation and geopolitical tensions.
Bimini Capital Management (OTC: BMNM) announced the release of its first quarter 2022 financial results scheduled for May 12, 2022, after trading hours. An earnings conference call will follow on May 13, 2022, at 10:00 AM ET. Participants can obtain dial-in details through a provided link. Bimini Capital primarily invests in residential mortgage-related securities and manages Orchid Island Capital (NYSE: ORC). The company is headquartered in Vero Beach, Florida.
The Board of Orchid Island Capital declared a monthly cash dividend of $0.045 per share for April 2022, payable on May 27, 2022. The estimated book value per share as of March 31, 2022, is $3.34, with a significant estimated net loss of $0.84 per share for Q1 2022, including losses of $1.04 related to RMBS and derivatives. The estimated total return on equity stands at (19.5)% for the quarter. The next dividend announcement is expected on May 11, 2022.
Orchid Island Capital, Inc. (NYSE:ORC) announced it will release its first-quarter 2022 financial results on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 10:00 AM ET, accessible via phone or live webcast on the Company’s website. Orchid focuses on leveraged investments in Agency RMBS, managed by Bimini Advisors, LLC. This upcoming earnings report is critical for investors seeking insights into Orchid's financial health and future outlook.