Orchid Is Cap Inc Stock Price, News & Analysis

Orchid Island Capital (NYSE: ORC) has announced its financial results for Q4 2024 and dividend plans. The company declared a monthly dividend of $0.12 per share for January 2025, payable on February 27, 2025. The estimated book value per share as of December 31, 2024, stands at $8.09, with total stockholders' equity of approximately $668.5 million.

The company reported estimated GAAP net income of $0.07 per share for Q4 2024, including $0.02 per share in net realized and unrealized gains on RMBS and derivative instruments. The total return on equity for the quarter was 0.6%, comprising dividends of $0.36 per share and a decrease in book value per share of $0.31. As of January 8, 2025, the company had 84,613,638 shares outstanding.

Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.12 per share for December 2024, payable on January 30, 2025, to stockholders of record as of December 31, 2024. The ex-dividend date is set for December 31, 2024. The company, which operates as a Real Estate Investment Trust (REIT), must distribute at least 90% of its REIT taxable income annually to maintain its status. As of December 10, 2024, the company had 79,849,645 shares of common stock outstanding, an increase from 78,082,645 shares as of September 30, 2024.

Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.12 per share for November 2024, payable on December 30, 2024, to stockholders of record on November 29, 2024. The company's estimated book value per share as of November 8, 2024, was approximately $8.30 to $8.34, representing a decrease of 0.7% to 1.0% from the September 30, 2024 book value of $8.40. The company currently has 78,539,645 shares outstanding, with estimated total stockholders' equity between $652.0 million and $655.0 million.

Orchid Island Capital (NYSE:ORC) reported net income of $17.3 million, or $0.24 per share, for Q3 2024. Key results include net interest income of $0.3 million and net realized/unrealized gains of $21.2 million on RMBS and derivative instruments. The company declared and paid dividends of $0.36 per share during the quarter. Book value per share decreased to $8.40 as of September 30, 2024, resulting in a total return of 2.10%. The company maintained strong liquidity with $326.7 million in cash and unpledged securities, representing about 50% of stockholders' equity. The portfolio yield increased to 5.43% from 5.05% in Q2 2024, while borrowing costs rose to 5.62% from 5.34%.

Orchid Island Capital (NYSE: ORC) announced its estimated third quarter 2024 results, October 2024 monthly dividend, and September 30, 2024 RMBS portfolio characteristics. Key points include:

- October 2024 monthly dividend of $0.12 per share of common stock, payable on November 27, 2024
- Estimated book value per share as of September 30, 2024 of $8.40
- Estimated GAAP net income of $0.24 per share for Q3 2024, including $0.29 per share of net realized and unrealized gains on RMBS and derivative instruments
- Estimated 2.1% total return on equity for Q3 2024
- 78,414,645 shares of common stock outstanding as of October 16, 2024

The company's estimated total stockholders' equity was approximately $656.0 million as of September 30, 2024. These figures are preliminary and subject to review.

Orchid Island Capital (NYSE:ORC), a real estate investment trust (REIT), has announced that it will release its third quarter 2024 results after the close of trading on the New York Stock Exchange on Thursday, October 24, 2024. The company will host an earnings conference call and live audio webcast on Friday, October 25, 2024, at 10:00 AM ET.

Participants can register for the call and obtain dial-in information through a provided link. A live audio webcast will be accessible via the company's investor relations website. An audio archive of the webcast will remain available for 30 days following the call.

Orchid Island Capital (NYSE: ORC) has announced its September 2024 monthly dividend of $0.12 per share, payable on October 30, 2024, to shareholders of record as of September 30, 2024. The ex-dividend date is also set for September 30, 2024. This announcement aligns with the company's intention to make regular monthly cash distributions to maintain its REIT status, which requires distributing at least 90% of its REIT taxable income annually.

As of September 9, 2024, Orchid Island Capital had 73,997,050 shares of common stock outstanding, showing a slight increase from 73,947,050 shares on August 31, 2024, and a more significant rise from 64,824,374 shares on June 30, 2024. The company also provided preliminary details of its RMBS portfolio characteristics as of August 31, 2024, including valuation characteristics, assets by agency, and risk measures.

Orchid Island Capital (NYSE: ORC) has announced its August 2024 monthly dividend of $0.12 per share, payable on September 27, 2024, to shareholders of record as of August 30, 2024. The ex-dividend date is also set for August 30, 2024. As of August 14, 2024, the company had 71,338,574 outstanding common shares.

The company, operating as a Real Estate Investment Trust (REIT), is required to distribute at least 90% of its REIT taxable income annually. Orchid Island Capital plans to announce its next common stock dividend on September 9, 2024. The press release also includes preliminary details of the company's RMBS portfolio characteristics as of July 31, 2024, subject to change.

Orchid Island Capital (NYSE:ORC) reported Q2 2024 results with a net loss of $5.0 million, or $0.09 per share. Key highlights include:

- Net interest expense of $0.7 million
- Total expenses of $4.4 million
- Dividends of $0.36 per share declared and paid
- Book value per share decreased to $8.58
- Total return of -1.97%
- Strong liquidity position of $265.3 million
- Portfolio size increased by 16.6% in Q2

The company raised approximately $100.7 million in equity capital during Q2, deploying proceeds into Agency RMBS at attractive spreads. Management sees potential for improved returns if the Federal Reserve begins easing monetary policy. Prepayment speeds remained low at 7.6% CPR for the quarter.