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 (ORC) specializes in agency residential mortgage-backed securities (RMBS), leveraging government-guaranteed investments to balance risk and return. This page serves as the definitive source for all official company announcements and market-relevant developments.
Access real-time updates on ORC's strategic initiatives, portfolio adjustments, and financial performance. Investors will find critical information spanning quarterly earnings reports, capital allocation decisions, and risk management practices, alongside analysis of broader RMBS market trends impacting the company.
Our curated news collection includes:
- Earnings releases and dividend announcements
- Strategic acquisitions and portfolio rebalancing
- Updates on hedging strategies and interest rate exposure
- Regulatory developments affecting agency RMBS markets
Bookmark this page for streamlined access to ORC's evolving financial narrative. Regular updates ensure stakeholders remain informed about the company's position within the specialty finance sector.
Orchid Island Capital (NYSE: ORC) has announced a $0.12 per share monthly dividend for June 2024, payable on July 30, 2024, to stockholders of record as of June 28, 2024. The next dividend announcement is expected on July 10, 2024. To maintain its REIT status, the company must distribute at least 90% of its taxable income annually.
As of June 11, 2024, Orchid Island had 62.8 million shares outstanding, up from 62.3 million on May 31, 2024, and 52.8 million on March 31, 2024. The company entered into an Equity Distribution Agreement with JP Morgan, Citizens JMP Securities, and JonesTrading Institutional Services, allowing it to sell up to $250 million in shares.
Orchid Island prefers 'at the market' offerings for raising equity. The RMBS (Residential Mortgage-Backed Securities) portfolio details, as of May 31, 2024, were also shared, but they are preliminary and subject to change.
Orchid Island Capital, Inc. (NYSE: ORC) announced the May 2024 monthly dividend of $0.12 per share of common stock, to be paid on June 27, 2024. The company plans to announce the next dividend on June 11, 2024. As of April 30, 2024, the company had 54,389,261 shares of common stock outstanding.
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