What was ORC's estimated book value per share?

ORC estimated book value at $6.52 to $6.54 per share as of November 6, 2026, approximately 8% to 9% above $6.02 per share as of September 30, 2026. The estimate is unaudited and has not been verified or reviewed by a third party.

Orchid Island Capital declares $0.10 November dividend

Q: What dividend did ORC declare for November 2026?

ORC declared a $0.10 per-share cash dividend for November 2026, payable December 31, 2026, to holders of record November 30, 2026; the ex-dividend date is November 30, 2026.

The preliminary October 31 portfolio included $10,627,015,000 in mortgage-asset fair value, with 95.1% in whole-pool assets.

Available on EDGAR 11/10/2026 - 04:54 PM EST Accepted by SEC EDGAR 11/10/2026 - 04:54 PM EST

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

Orchid Island Capital, Inc. (ORC) declared a $0.10 per-share cash dividend for November 2026, payable December 31 to holders of record November 30; the ex-dividend date is November 30. The company intends regular monthly distributions but has set no minimum payment and says it is not assured it can make future distributions.

ORC estimated book value at $6.52 to $6.54 per share as of November 6, approximately 8% to 9% above $6.02 as of September 30; the estimate is unaudited and has not been verified or reviewed by a third party. Preliminary October 31 data showed mortgage-asset fair value of $10,627,015,000, comprising 99.89% pass-through RMBS and 0.11% structured RMBS; whole-pool assets were 95.1% of the portfolio. Borrowings were $9,907,958,000, with a 4.05% weighted-average repo rate and 28-day weighted-average maturity. Portfolio figures are preliminary and subject to change.

Filing Explained

Outstanding common shares declined from 194,661,864 on September 30 to 188,601,860 on November 10; the rate-shock losses are model estimates.

The additional October 31 portfolio disclosure is a model, not a completed result: the combined RMBS-and-hedge rate-shock row reports a modeled loss of $13,259 thousand for a 50-basis-point rate decrease and $19,185 thousand for a 50-basis-point increase.

The filing reports common shares outstanding of 194,661,864 on September 30, 2026, 192,992,160 on October 31, 2026, and 188,601,860 on November 10, 2026, showing a lower reported share count at each successive date.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Monthly common-stock dividend: $0.10 per share Estimated book value per common share: $6.52 to $6.54 per share Estimated book value change: Approximately 8% to 9% +5 more

8 metrics

Monthly common-stock dividend $0.10 per share November 2026 distribution; payable December 31, 2026

Estimated book value per common share $6.52 to $6.54 per share As of November 6, 2026; unaudited

Estimated book value change Approximately 8% to 9% From $6.02 per share as of September 30, 2026

Mortgage-asset fair value $10,627,015,000 As of October 31, 2026; preliminary

Whole Pool Assets 95.1% Percentage of portfolio as of October 31, 2026

Borrowings $9,907,958,000 As of October 31, 2026

Weighted average repo rate 4.05% Borrowings as of October 31, 2026

Weighted average maturity 28 days Borrowings as of October 31, 2026

Key Terms

Agency RMBS, Whole Pool Assets, Weighted Average Repo Rate, REIT taxable income

4 terms

Agency RMBS financial

"two categories of Agency RMBS"

A pool of home loans packaged into a bond whose principal and interest payments are backed or guaranteed by a government-sponsored mortgage agency. Think of it as many mortgages bundled together with an insurance-like promise that reduces the chance of borrower default; investors buy them for steady income but must watch interest-rate moves and homeowners paying off or refinancing early, which can change returns.

Whole Pool Assets financial

"Whole Pool Assets | 10,104,124 | 95.1%"

Weighted Average Repo Rate financial

"Weighted Average Repo Rate"

REIT taxable income financial

"90% of its REIT taxable income"

REIT taxable income is the portion of a real estate investment trust’s earnings that the tax code treats as subject to tax after allowable deductions and adjustments; it’s the number used to calculate what the REIT owes in taxes and how much income can be passed through to investors. It matters because it influences the size and tax character of distributions shareholders receive and whether the trust meets rules that protect its tax-advantaged status—think of it like a household’s taxable paycheck that determines how much you actually take home after taxes.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did ORC declare for November 2026?

ORC declared a $0.10 per-share cash dividend for November 2026, payable December 31, 2026, to holders of record November 30, 2026; the ex-dividend date is November 30, 2026.

When does ORC expect to announce its next dividend?

ORC said it plans to announce its next common-stock dividend on December 8, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 10, 2026

Orchid Island Capital, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-35236	27-3269228
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3305 Flamingo Drive, Vero Beach, Florida 32963

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code (772) 231-1400

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading symbol:	Name of each exchange on which registered:
Common Stock, par value $0.01 per share	ORC	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On November 10, 2026, Orchid Island Capital, Inc. (the "Company") announced that the Board of Directors of the Company declared a dividend for the month of November 2026 of $0.10 per share of the Company's common stock, to be paid on December 31, 2026 to holders of record on November 30, 2026, with an ex-dividend date of November 30, 2026. In addition, the Company announced certain details of its RMBS portfolio as of October 31, 2026, as well as certain other information regarding the Company. A copy of the Company’s press release announcing the dividend and the other information regarding the Company is attached hereto as Exhibit 99.1 and incorporated herein by this reference.

Caution About Forward-Looking Statements.

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including, but not limited to, statements about the Company’s distributions. These forward-looking statements are based upon the Company’s present expectations, but the Company cannot assure investors that actual results will not vary from the expectations contained in the forward-looking statements. Investors should not place undue reliance upon forward looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release dated November 10, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 10, 2026		ORCHID ISLAND CAPITAL, INC.


	By:	/s/ Robert E. Cauley
		Robert E. Cauley
		Chairman and Chief Executive Officer

Exhibit 99.1

ORCHID ISLAND CAPITAL ANNOUNCES

NOVEMBER 2026 MONTHLY DIVIDEND AND

OCTOBER 31, 2026 RMBS PORTFOLIO CHARACTERISTICS

●

November 2026 Monthly Dividend of $0.10 Per Share of Common Stock

●

RMBS Portfolio Characteristics as of October 31, 2026

	●	Estimated book value per common share of $6.52 to $6.54 as of November 6, 2026
	●	Next Dividend Announcement Expected December 8, 2026

Vero Beach, Fla., November 10, 2026 - Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of November 2026. The dividend of $0.10 per share will be paid December 31, 2026 to holders of record of the Company’s common stock on November 30, 2026, with an ex-dividend date of November 30, 2026. The Company plans on announcing its next common stock dividend on December 8, 2026.

The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.

As of November 10, 2026, the Company had 188,601,860 shares of common stock outstanding. As of October 31, 2026, the Company had 192,992,160 shares of common stock outstanding. As of September 30, 2026, the Company had 194,661,864 shares of common stock outstanding.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of October 31, 2026 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate:

●

RMBS Valuation Characteristics

●

RMBS Assets by Agency

●

Investment Company Act of 1940 (Whole Pool) Test Results

●

Repurchase Agreement Exposure by Counterparty

●

RMBS Risk Measures

Estimated November 6, 2026 Book Value Per Share

The Company estimates book value per share as of November 6, 2026 to be approximately $6.52 to $6.54 per share, an increase of approximately 8% to 9% from the book value at September 30, 2026 of $6.02 per share. The estimated book value per share includes a deduction for the Company’s October 2026 dividend that will be paid on November 27, 2026, which was declared on October 14, 2026 with an October 30, 2026 record date. The estimated book value per share is unaudited and has not been verified or reviewed by any third party. The Company is providing this update to its estimated book value per share given recent market conditions and resulting book value volatility. The Company undertakes no obligation to update its estimated book value per share.

About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

RMBS Valuation Characteristics
($ in thousands)
																							Realized
																				Realized			Aug-26 -
																				Oct-26			Oct-26
										Net								Weighted		CPR			CPR
										Weighted								Average		(1-Month)			(3-Month)			Modeled Interest
	Current		Fair		% of			Current		Average								Maturity		(Reported			(Reported			Rate Sensitivity (1)
Type	Face		Value		Portfolio			Price		Coupon			GWAC			Age		(Months)		in November)			in November)			(-50 BPS)			(+50 BPS)
Fixed Rate RMBS
30yr 3.0	$	305,314	$	260,785		2.45	%		85.42		3.00	%		3.52	%		66		286		6.5	%		6.4	%	$	7,912		$	(8,023	)
30yr 3.5		35,527		31,140		0.29	%		87.65		3.50	%		4.30	%		85		255		6.8	%		8.6	%		923			(935	)
30yr 4.0		45,959		42,064		0.40	%		91.52		4.00	%		4.77	%		89		266		1.6	%		4.7	%		1,119			(1,150	)
30yr 4.5		424,423		395,862		3.73	%		93.27		4.50	%		5.46	%		34		321		5.1	%		5.9	%		9,365			(10,087	)
30yr 5.0		1,751,837		1,673,232		15.75	%		95.51		5.00	%		6.00	%		19		336		4.4	%		4.8	%		37,027			(40,588	)
30yr 5.5		3,927,211		3,857,033		36.29	%		98.21		5.50	%		6.45	%		17		338		5.8	%		5.8	%		74,486			(83,770	)
30yr 6.0		3,096,377		3,111,136		29.28	%		100.48		6.00	%		6.92	%		21		333		8.9	%		10.0	%		48,300			(56,597	)
30yr 6.5		1,168,103		1,195,018		11.25	%		102.30		6.50	%		7.39	%		24		330		14.0	%		16.2	%		15,278			(18,457	)
30yr 7.0		47,531		49,422		0.47	%		103.98		7.00	%		7.91	%		35		317		25.7	%		14.4	%		634			(748	)
Total Pass-Through RMBS		10,802,282		10,615,692		99.89	%		98.27		5.55	%		6.48	%		22		333		7.4	%		8.0	%		195,044			(220,355	)
Total Structured RMBS		77,598		11,323		0.11	%		14.59		3.40	%		4.59	%		144		200		6.8	%		6.4	%		(54	)		31
Total Mortgage Assets	$	10,879,880	$	10,627,015		100.00	%				5.54	%		6.47	%		23		332		7.4	%		8.0	%	$	194,990		$	(220,324	)

				Hedge	Modeled Interest
	Notional			Period	Rate Sensitivity (1)
Hedge	Balance			End	(-50 BPS)			(+50 BPS)
3-Month SOFR Futures	$	(390,000	)	Mar-27	$	(1,121	)	$	1,121
10-Year Treasury Future(2)		(1,281,000	)	Aug-33		(39,481	)		38,380
10-Year Ultra Treasury Future(3)		(560,000	)	May-36		(23,405	)		22,383
ERIS SOFR Swap Futures		(10,000	)	Dec-31		(164	)		160
Swaps		(6,264,200	)	Mar-32		(144,078	)		139,095
Hedge Total	$	(8,505,200	)		$	(208,249	)	$	201,139
Rate Shock Grand Total					$	(13,259	)	$	(19,185	)

(1)	Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.

(2)	Ten-year Treasury futures contracts were valued at prices of $106.64 at October 31, 2026. The market value of the short position was $1,366.1 million.
(3)	Ten-year Ultra Treasury futures contracts were valued at prices of $108.13 at October 31, 2026. The market value of the short position was $605.5 million.

RMBS Assets by Agency
($ in thousands)
			Percentage
	Fair		of
Asset Category	Value		Portfolio
As of October 31, 2026
Fannie Mae	$	5,453,589		51.3	%
Freddie Mac		5,173,426		48.7	%
Total Mortgage Assets	$	10,627,015		100.0	%

Investment Company Act of 1940 Whole Pool Test
($ in thousands)
			Percentage
	Fair		of
Asset Category	Value		Portfolio
As of October 31, 2026
Non-Whole Pool Assets	$	522,891		4.9	%
Whole Pool Assets		10,104,124		95.1	%
Total Mortgage Assets	$	10,627,015		100.0	%

Borrowings By Counterparty
($ in thousands)
						Weighted			Weighted
			% of			Average			Average
	Total		Total			Repo			Maturity		Longest
As of October 31, 2026	Borrowings		Debt			Rate			in Days		Maturity
Hidden Road Partners Civ US LLC	$	455,496		4.6	%		4.03	%		16	11/16/2026
Citigroup Global Markets Inc		454,270		4.6	%		4.04	%		25	11/30/2026
J.P. Morgan Securities LLC		443,493		4.5	%		4.08	%		19	11/23/2026
Marex Capital Markets Inc.		440,600		4.4	%		4.04	%		30	11/30/2026
ABN AMRO Bank N.V.		438,730		4.4	%		4.06	%		19	11/19/2026
ASL Capital Markets Inc.		435,272		4.4	%		4.03	%		21	11/23/2026
StoneX Financial Inc.		435,106		4.4	%		4.05	%		23	11/23/2026
South Street Securities, LLC		424,771		4.3	%		4.12	%		161	9/3/2027
The Bank of Nova Scotia		419,199		4.2	%		4.03	%		28	11/30/2026
Cantor Fitzgerald & Co		393,968		4.0	%		4.07	%		15	11/16/2026
DV Securities, LLC Repo		384,727		3.9	%		4.04	%		10	11/16/2026
Clear Street LLC		381,364		3.8	%		4.06	%		19	11/19/2026
Daiwa Securities America Inc.		373,490		3.8	%		4.05	%		21	11/23/2026
Wells Fargo Securities, LLC		367,948		3.7	%		4.05	%		27	11/27/2026
Goldman, Sachs & Co		367,506		3.7	%		4.05	%		16	11/16/2026
Brean Capital, LLC		339,436		3.4	%		4.07	%		20	11/25/2026
ING Financial Markets LLC		334,991		3.4	%		4.05	%		40	12/10/2026
RBC Capital Markets, LLC		325,273		3.3	%		4.08	%		10	11/25/2026
TD Securities (USA) LLC		310,428		3.1	%		4.04	%		30	11/30/2026
Morgan Stanley & Co. LLC		290,123		2.9	%		4.03	%		37	12/10/2026
Mirae Asset Securities (USA) Inc.		273,297		2.8	%		4.04	%		23	11/23/2026
Merrill Lynch, Pierce, Fenner & Smith		246,985		2.5	%		4.06	%		25	11/27/2026
Mitsubishi UFJ Securities (USA), Inc.		223,007		2.3	%		4.06	%		17	11/18/2026
Mesirow Financial, Inc.		218,275		2.2	%		4.04	%		40	12/10/2026
MUFG Securities Canada, Ltd.		197,292		2.0	%		4.05	%		13	11/13/2026
Nomura Securities International, Inc.		196,684		2.0	%		4.04	%		13	11/13/2026
Natixis, New York Branch		174,515		1.8	%		4.03	%		30	11/30/2026
Bank of Montreal		169,366		1.7	%		4.05	%		23	11/23/2026
Mizuho Securities USA LLC		169,083		1.7	%		4.04	%		20	11/20/2026
BNP Paribas Securities Corp.		150,098		1.5	%		4.05	%		25	11/25/2026
Lucid Prime Fund, LLC		28,451		0.3	%		4.04	%		12	11/12/2026
Banco Santander SA		23,012		0.2	%		4.12	%		13	11/13/2026
Canyon Partners, LLC		21,702		0.2	%		3.98	%		13	11/13/2026
Total Borrowings	$	9,907,958		100.0	%		4.05	%		28	9/3/2027

Contact:

Orchid Island Capital, Inc.

Robert E. Cauley

3305 Flamingo Drive, Vero Beach, Florida 32963

Telephone: (772) 231-1400

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 322.9 KB