Welcome to our dedicated page for Orchid Island Capital news (Ticker: ORC), a resource for investors and traders seeking the latest updates and insights on Orchid Island Capital 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.
Orchid Island Capital (NYSE: ORC) will release its second quarter 2020 results on July 30, 2020, after market close. The company, a real estate investment trust focusing on Agency RMBS, will hold an earnings conference call on July 31, 2020, at 10:00 AM ET. Investors can access the call by dialing in or via a live audio webcast on the company’s website. Orchid's portfolio primarily consists of traditional and structured Agency RMBS, and it's managed by Bimini Advisors, LLC.
Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly cash dividend of $0.055 per share for June 2020. This dividend will be paid on July 29, 2020, to stockholders of record as of June 30, 2020, with an ex-dividend date of June 29, 2020. The Company aims to maintain regular monthly cash distributions, aligning with REIT requirements to distribute at least 90% of taxable income annually. As of June 12, 2020, the estimated book value per share ranged from $5.30 to $5.40.
Orchid Island Capital, Inc. (NYSE:ORC) has announced a monthly cash dividend of $0.055 per share for May 2020, payable on June 26, 2020. The record date is May 29, 2020, with an ex-dividend date of May 28, 2020. To maintain its status as a real estate investment trust (REIT), the company must distribute at least 90% of its REIT taxable income annually. As of May 12, 2020, the estimated book value per share ranges from $5.24 to $5.34, with total stockholders' equity between $346.8 million to $353.4 million.
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