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. (NYSE: ORC) is a specialty finance company and real estate investment trust (REIT) that invests on a leveraged basis in Agency residential mortgage-backed securities (RMBS). The news flow around Orchid Island Capital is closely tied to its Agency RMBS portfolio, funding profile and REIT distribution practices, making its disclosures relevant for investors who follow mortgage REITs and fixed-income strategies.
News updates for Orchid Island Capital commonly include monthly dividend declarations, where the company announces the per-share cash dividend on its common stock, along with record, payment and ex-dividend dates. The company also issues quarterly and intra-quarter reports providing estimated or actual book value per share, GAAP net income per share, and total return on equity, together with detailed RMBS portfolio characteristics such as valuation metrics, Agency mix, whole pool test results, and repurchase agreement exposure by counterparty.
In addition, Orchid Island Capital uses current reports and press releases to discuss results of operations, including net interest income, total expenses, and net realized and unrealized gains or losses on RMBS and derivative instruments. These communications often highlight prepayment experience, effective duration, modeled interest rate sensitivity and liquidity measures such as cash, unpledged securities and borrowing capacity.
Investors monitoring ORC news can also see announcements related to equity distribution agreements and amendments that govern at-the-market common stock offerings used to raise capital for the company’s Agency RMBS strategy. By reviewing this news feed, readers can track how Orchid Island Capital’s portfolio composition, leverage, hedging activity and dividend policy evolve over time based on the company’s own disclosures.
Orchid Island Capital declared a monthly dividend of $0.16 per share for January 2023, payable on February 24, 2023. The estimated book value per share as of December 31, 2022 was $11.93, with a preliminary estimated net income of $0.94 per share including $1.04 from net gains on RMBS. The estimated total return on equity for the quarter was 8.7%. The company is required to distribute at least 90% of its REIT taxable income to maintain tax status, though it has not established a minimum distribution payment level.
Orchid Island Capital, Inc. (NYSE: ORC) has declared a monthly cash dividend of $0.16 per share, to be paid on January 27, 2023. The record date is December 30, 2022, with an ex-dividend date of December 29, 2022. The Company estimates its book value per share to be between $11.95 and $12.05 as of December 9, 2022, showing a significant increase from $11.42 at September 30, 2022.
Future announcements regarding dividends are expected on January 11, 2023.
Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.16 per share for November 2022, payable on December 28, 2022. The record date is November 30, 2022, with an ex-dividend date of November 29, 2022. The Company aims to make regular monthly distributions to its common stockholders. To qualify as a real estate investment trust (REIT), it must distribute at least 90% of its taxable income annually. However, there is no assurance of future distributions.
Orchid Island Capital (NYSE:ORC) reported a net loss of $84.5 million, or $2.40 per share, for Q3 2022, compared to a net income of $26.0 million in Q3 2021. Key metrics include a total interest income of $14.2 million and a book value per share of $11.42. The dividend declared was $0.545 per share. The company's liquidity position stands at $219.6 million, representing 54% of stockholder's equity. Despite market volatility, Orchid has repurchased 1.8 million shares since June 2022, indicating a strategic move to enhance shareholder value.
Bimini Capital Management, Inc. (OTCQB:BMNM) announced its third-quarter 2022 earnings results, scheduled for release post-market on November 10, 2022. An earnings conference call will follow on November 14, 2022, at 10:00 AM ET. Investors can access the call via a link provided, with a live audio webcast available on the company's investor relations website. Bimini, an asset manager, primarily invests in residential mortgage-related securities and manages Orchid Island Capital, Inc. (NYSE:ORC) through its subsidiary, Bimini Advisors.
Orchid Island Capital, Inc. (NYSE: ORC) declared a monthly dividend of $0.16 per share for October 2022, payable on November 28, 2022. The Board also approved an increase in the stock repurchase program by 4.3 million shares, now totaling 5 million shares available for repurchase, approximately 15% of outstanding shares. However, the company reported an estimated net loss of $2.41 per share, driven by significant losses on RMBS and derivatives, marking an estimated (16.7)% total return on equity for the quarter ending September 30, 2022.
Orchid Island Capital, a real estate investment trust (REIT) listed on NYSE under the symbol ORC, will announce its third-quarter 2022 results post-market on October 27, 2022. An earnings conference call is scheduled for October 28, 2022, at 10:00 AM ET, accessible via phone at (888) 510-2356 with conference ID 8493186, or through a live audio webcast on the company's investor relations webpage. Orchid specializes in investing in Agency RMBS, focusing on traditional pass-through and structured Agency RMBS.
Orchid Island Capital, Inc. (NYSE: ORC) reported that stockholders of record as of August 31, 2022, did not receive the full cash dividend of $0.16 per share, which was due on September 28, 2022. The company had fully funded the dividend; however, an administrative error at the DTC caused brokers not to receive the complete amount. Orchid Island Capital is actively resolving the issue. The Company focuses on investing in Agency RMBS and is managed by Bimini Advisors, LLC.
Orchid Island Capital, Inc. (NYSE: ORC) declared a monthly cash dividend of $0.16 per share for September 2022, payable on October 27, 2022, to shareholders of record as of September 30, 2022. The ex-dividend date is set for September 29, 2022. The Company plans to announce its next dividend on October 12, 2022. As a REIT, Orchid is required to distribute at least 90% of its taxable income to avoid income tax on undistributed earnings. As of September 12, 2022, the Company had 35,075,239 shares of common stock outstanding.
Orchid Island Capital, a real estate investment trust (REIT), has completed a 1-for-5 reverse stock split effective at 5:00 p.m. ET today. This adjustment will reduce the outstanding shares from approximately 176.25 million to about 35.25 million, with authorized shares for common stock decreasing from 500 million to 100 million. The stock will trade under the symbol 'ORC' on a reverse-split basis starting August 31, 2022. No fractional shares will be issued; cash payments will be provided instead. Shareholder ownership percentages remain largely unchanged.
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