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, 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.
Orchid Island Capital, Inc. (NYSE: ORC) announced a one-for-five reverse stock split effective August 30, 2022, converting every five shares into one, with shares trading split-adjusted from August 31, 2022. Additionally, the company declared a monthly cash dividend of $0.16 per share for August, payable on September 28, 2022, to holders of record as of August 31, 2022. The estimated book value per share ranges from $3.10 to $3.12, reflecting an increase of approximately 8.0% to 8.7% compared to June 30, 2022. The company will announce its next dividend on September 12, 2022.
Orchid Island Capital (NYSE:ORC) reported a net loss of $60.1 million, or $0.34 per share, for Q2 2022, reflecting significant challenges amid rising interest rates and inflation. The company declared a dividend of $0.135 per share, with a book value per share decreasing to $2.87. The Agency RMBS portfolio shrank to $3.9 billion from $6.5 billion, alongside a reduced net interest spread of 2.51%. Economic conditions led to unrealized losses of $82.3 million on RMBS and derivatives. Looking ahead, management anticipates potential outperformance from the Agency RMBS sector despite ongoing challenges.
Bimini Capital Management (BMNM) will announce its second quarter 2022 results on August 11, 2022, after market close. An earnings conference call will take place the following day, August 12, 2022, at 10:00 AM ET, accessible via live audio webcast or dial-in registration. Bimini primarily invests in residential mortgage-related securities and serves as the external manager for Orchid Island Capital (ORC), a real estate investment trust. Bimini's management strategy aims at maximizing the yield spread on its assets.
Orchid Island Capital, Inc. (NYSE:ORC) has announced it will release its second quarter 2022 results on August 4, 2022, after the stock market closes. An earnings conference call will take place on August 5, 2022, at 10:00 AM ET. Investors can access the call by dialing 888-510-2356 and using conference ID 8493186. Additionally, a live audio webcast will be available on the company's investor relations website, with an archive accessible until September 4, 2022.
Orchid Island Capital (NYSE: ORC) declared a monthly cash dividend of $0.045 per share for July 2022, payable on August 29, 2022. The estimated book value per share as of June 30, 2022, is $2.87, while the company reported an estimated net loss of $0.34 per share, attributed to $0.46 of net losses on RMBS and derivatives. The estimated total return on equity was (10.0)% for the quarter. Orchid Island aims to distribute 90% of its REIT taxable income to avoid tax penalties but has not guaranteed future distributions.
Orchid Island Capital announced a monthly cash dividend of $0.045 per share for June 2022, with payment scheduled for July 27, 2022. Shareholders on record as of June 30, 2022 will receive this dividend, while the ex-dividend date is set for June 29, 2022. The company plans to announce its next dividend on July 13, 2022. As a REIT, it is required to distribute at least 90% of its taxable income annually to avoid income tax issues. However, the company has not guaranteed future distributions.
Orchid Island Capital announced a monthly cash dividend of $0.045 per share for May 2022, payable on June 28, 2022, to shareholders on record as of May 31, 2022. The ex-dividend date is May 27, 2022. The company aims to maintain regular monthly distributions to meet its REIT obligations, which require it to distribute at least 90% of its taxable income annually. Additionally, the next dividend announcement is expected on June 14, 2022. As of May 11, 2022, the company had 177,117,186 shares outstanding.
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