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.
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Bimini Capital Management will release its first quarter 2023 results on May 11, 2023, after trading closes. An earnings conference call is scheduled for May 12, 2023, at 10:00 AM ET. This call will be accessible via a live audio webcast on their investor relations page. Bimini specializes in investing in residential mortgage-related securities and manages Orchid Island Capital as an external manager, generating revenue through management fees. The company operates from Vero Beach, Florida.
Orchid Island Capital, Inc. (NYSE: ORC) has declared an April 2023 monthly dividend of $0.16 per share, payable on May 26, 2023, to stockholders on record as of April 28, 2023. The estimated book value per share as of March 31, 2023, is reported at $11.56, with a net income per share of $0.10 for the same quarter. The company also noted an estimated total return on equity of 0.9% for the quarter, which includes $0.33 in realized and unrealized gains on RMBS and derivatives. These estimates are preliminary and subject to review by independent auditors. However, total dividends declared during the quarter of $0.48 per share exceed the net income, indicating a reliance on gains for dividend payments.