Orchid Is Cap Inc Stock Price, News & Analysis

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.

Orchid Island Capital (NYSE:ORC) reported a significant net loss of $148.7 million ($0.84 per share) for Q1 2022, compared to a $29.4 million loss in Q1 2021. Total expenses were $4.7 million, while net interest income stood at $39.2 million. The company’s book value dropped to $3.34 per share, reflecting a $1.00 decrease. The total return was a negative 19.5%, attributed to dividend payouts and the decrease in book value. Orchid adapted to rising interest rates by repositioning its hedge positions and ensuring liquidity, despite challenges posed by inflation and geopolitical tensions.

Bimini Capital Management (OTC: BMNM) announced the release of its first quarter 2022 financial results scheduled for May 12, 2022, after trading hours. An earnings conference call will follow on May 13, 2022, at 10:00 AM ET. Participants can obtain dial-in details through a provided link. Bimini Capital primarily invests in residential mortgage-related securities and manages Orchid Island Capital (NYSE: ORC). The company is headquartered in Vero Beach, Florida.

The Board of Orchid Island Capital declared a monthly cash dividend of $0.045 per share for April 2022, payable on May 27, 2022. The estimated book value per share as of March 31, 2022, is $3.34, with a significant estimated net loss of $0.84 per share for Q1 2022, including losses of $1.04 related to RMBS and derivatives. The estimated total return on equity stands at (19.5)% for the quarter. The next dividend announcement is expected on May 11, 2022.

Orchid Island Capital, Inc. (NYSE:ORC) announced it will release its first-quarter 2022 financial results on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 10:00 AM ET, accessible via phone or live webcast on the Company’s website. Orchid focuses on leveraged investments in Agency RMBS, managed by Bimini Advisors, LLC. This upcoming earnings report is critical for investors seeking insights into Orchid's financial health and future outlook.

Orchid Island Capital, Inc. (NYSE: ORC) declared a monthly cash dividend of $0.045 per share for March 2022, payable on April 27, 2022, to shareholders on record by March 31, 2022. The ex-dividend date is set for March 30, 2022. As a REIT, the Company must distribute at least 90% of its taxable income annually to avoid taxation on undistributed income. The next dividend announcement is expected on April 13, 2022.

Bimini Capital Management reported a net loss of $0.6 million, or $0.05 per share, for Q4 2021. The book value per share stands at $3.08. Advisory service revenues increased by 66% year-over-year, driven by Orchid's strong capital growth, which raised approximately $115.5 million in net proceeds. However, the Agency RMBS portfolio saw a 6% decrease, with mark-to-market losses of around $1.9 million. Overall, Bimini anticipates rising funding costs in 2022 due to changing economic conditions linked to Fed policies.