Orchid Island Capital, Inc. declared a $0.12 dividend per share for December 2025, payable January 29, 2026.
Quiver AI Summary
Orchid Island Capital, Inc. has declared a monthly cash dividend of $0.12 per share for December 2025, which will be distributed on January 29, 2026, to shareholders of record as of December 31, 2025, with the ex-dividend date also set for December 31, 2025. The company, focused on investing in Agency RMBS, aims to provide regular monthly cash distributions to its shareholders and will announce its next dividend on January 7, 2026. To maintain its status as a real estate investment trust (REIT), Orchid Island must distribute at least 90% of its taxable income. As of December 9, 2025, the company had 179,058,553 shares outstanding. The press release also includes preliminary details about the company's RMBS portfolio characteristics as of November 30, 2025.
Potential Positives
- The Company declared a monthly cash dividend of $0.12 per share for December 2025, demonstrating a commitment to returning value to shareholders.
- The announcement includes a scheduled date for the next dividend announcement, which enhances transparency for investors.
- The Company intends to make regular monthly cash distributions, aligning with the requirements to maintain its status as a real estate investment trust (REIT).
- The share count increased from 148,239,401 in September 2025 to 179,058,553 in December 2025, indicating growth and potential investor confidence.
Potential Negatives
- The company has not established a minimum distribution payment level, raising concerns about the sustainability of future dividends.
- The company acknowledges that it is not assured of its ability to make distributions to stockholders in the future, indicating potential financial instability.
- There are mentions of significant net losses in the context of RMBS valuations, which may signal challenges in the company's investment strategy.
FAQ
What is the dividend amount for December 2025?
The declared dividend for December 2025 is $0.12 per share of common stock.
When will the December dividend be paid?
The December dividend will be paid on January 29, 2026, to shareholders of record as of December 31, 2025.
What is the ex-dividend date for the upcoming dividend?
The ex-dividend date for the December dividend is December 31, 2025.
When will the next dividend announcement occur?
The next dividend announcement is expected on January 7, 2026.
How many shares of common stock does Orchid Island Capital have outstanding?
Orchid Island Capital has 179,058,553 shares of common stock outstanding as of December 9, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ORC Revenue
$ORC had revenues of $77.5M in Q3 2025. This is an increase of 259.07% from the same period in the prior year.
You can track ORC financials on Quiver Quantitative's ORC stock page.
$ORC Hedge Fund Activity
We have seen 111 institutional investors add shares of $ORC stock to their portfolio, and 76 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 2,175,711 shares (+23.6%) to their portfolio in Q3 2025, for an estimated $15,251,734
- VANGUARD GROUP INC added 1,537,126 shares (+24.1%) to their portfolio in Q3 2025, for an estimated $10,775,253
- TWO SIGMA INVESTMENTS, LP added 807,442 shares (+170.0%) to their portfolio in Q3 2025, for an estimated $5,660,168
- STATE STREET CORP added 714,126 shares (+38.4%) to their portfolio in Q3 2025, for an estimated $5,006,023
- BANK OF AMERICA CORP /DE/ removed 650,076 shares (-92.6%) from their portfolio in Q3 2025, for an estimated $4,557,032
- D. E. SHAW & CO., INC. added 625,846 shares (+inf%) to their portfolio in Q3 2025, for an estimated $4,387,180
- RENAISSANCE TECHNOLOGIES LLC removed 560,638 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,930,072
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
- December 2025 Monthly Dividend of $0.12 Per Share of Common Stock
- RMBS Portfolio Characteristics as of November 30, 2025
- Next Dividend Announcement Expected January 7, 2026
VERO BEACH, Fla., Dec. 09, 2025 (GLOBE NEWSWIRE) -- 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 December 2025. The dividend of $0.12 per share will be paid January 29, 2026 to holders of record of the Company’s common stock on December 31, 2025, with an ex-dividend date of December 31, 2025. The Company plans on announcing its next common stock dividend on January 7, 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 December 9, 2025, the Company had 179,058,553 shares of common stock outstanding. As of November 30, 2025, the Company had 174,548,004 shares of common stock outstanding. As of September 30, 2025, the Company had 148,239,401 shares of common stock outstanding.
RMBS Portfolio Characteristics
Details of the RMBS portfolio as of November 30, 2025 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
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, 2024.
| RMBS Valuation Characteristics | ||||||||||||||||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||||||||||
| Realized | ||||||||||||||||||||||||||||||||||||
| Realized | Sep-25 - | |||||||||||||||||||||||||||||||||||
| Nov-25 | Nov-25 | |||||||||||||||||||||||||||||||||||
| 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 Dec) | in Dec) | (-50 BPS) | (+50 BPS) | ||||||||||||||||||||||||
| Fixed Rate RMBS | ||||||||||||||||||||||||||||||||||||
| 15yr 4.5 TBA | $ | 250,000 | $ | 250,098 | 2.53 | % | 100.04 | 4.50 | % | 5.41 | % | 4 | 174 | n/a | n/a | $ | 3,124 | $ | (3,804 | ) | ||||||||||||||||
| 15yr Total | 250,000 | 250,098 | 2.53 | % | 100.04 | 4.50 | % | 5.41 | % | 4 | 174 | n/a | n/a | 3,124 | (3,804 | ) | ||||||||||||||||||||
| 30yr 3.0 | $ | 820,289 | $ | 742,864 | 7.51 | % | 90.56 | 3.00 | % | 3.48 | % | 57 | 295 | 6.4 | % | 7.0 | % | $ | 21,460 | $ | (21,533 | ) | ||||||||||||||
| 30yr 3.5 | 159,755 | 150,291 | 1.52 | % | 94.08 | 3.50 | % | 4.04 | % | 69 | 277 | 4.4 | % | 6.6 | % | 4,078 | (4,105 | ) | ||||||||||||||||||
| 30yr 4.0 | 153,143 | 147,527 | 1.49 | % | 96.33 | 4.00 | % | 4.70 | % | 55 | 299 | 8.3 | % | 9.3 | % | 3,633 | (3,821 | ) | ||||||||||||||||||
| 30yr 4.5 | 272,878 | 269,110 | 2.72 | % | 98.62 | 4.50 | % | 5.44 | % | 41 | 314 | 13.1 | % | 11.3 | % | 5,123 | (5,844 | ) | ||||||||||||||||||
| 30yr 5.0 | 758,505 | 762,519 | 7.71 | % | 100.53 | 5.00 | % | 5.98 | % | 20 | 336 | 6.5 | % | 7.8 | % | 13,353 | (16,297 | ) | ||||||||||||||||||
| 30yr 5.5 | 2,630,409 | 2,691,634 | 27.23 | % | 102.33 | 5.50 | % | 6.46 | % | 11 | 346 | 9.0 | % | 9.1 | % | 32,806 | (45,296 | ) | ||||||||||||||||||
| 30yr 6.0 | 2,978,967 | 3,084,196 | 31.20 | % | 103.53 | 6.00 | % | 6.93 | % | 13 | 343 | 16.9 | % | 15.3 | % | 22,752 | (35,370 | ) | ||||||||||||||||||
| 30yr 6.5 | 1,462,319 | 1,530,870 | 15.49 | % | 104.69 | 6.50 | % | 7.39 | % | 17 | 338 | 21.6 | % | 21.3 | % | 6,989 | (11,266 | ) | ||||||||||||||||||
| 30yr 7.0 | 230,369 | 242,648 | 2.45 | % | 105.33 | 7.00 | % | 7.95 | % | 25 | 326 | 38.8 | % | 34.4 | % | 1,528 | (1,797 | ) | ||||||||||||||||||
| 30yr Total | 9,466,634 | 9,621,659 | 97.33 | % | 101.64 | 5.50 | % | 6.39 | % | 20 | 335 | 13.8 | % | 13.8 | % | 111,722 | (145,329 | ) | ||||||||||||||||||
| Total Pass-Through RMBS | 9,716,634 | 9,871,757 | 99.86 | % | 101.60 | 5.48 | % | 6.37 | % | 20 | 331 | 13.8 | % | 13.8 | % | 114,846 | (149,133 | ) | ||||||||||||||||||
| Structured RMBS | ||||||||||||||||||||||||||||||||||||
| IO 20yr 4.0 | 5,481 | 442 | 0.00 | % | 8.07 | 4.00 | % | 4.57 | % | 166 | 68 | 10.4 | % | 11.2 | % | 2 | (2 | ) | ||||||||||||||||||
| IO 30yr 3.0 | 2,371 | 285 | 0.00 | % | 12.00 | 3.00 | % | 3.64 | % | 130 | 220 | 26.1 | % | 10.4 | % | (1 | ) | (1 | ) | |||||||||||||||||
| IO 30yr 4.0 | 63,973 | 11,863 | 0.12 | % | 18.54 | 4.00 | % | 4.60 | % | 134 | 216 | 5.7 | % | 9.7 | % | (286 | ) | 176 | ||||||||||||||||||
| IO 30yr 4.5 | 2,799 | 508 | 0.01 | % | 18.16 | 4.50 | % | 4.99 | % | 185 | 162 | 5.4 | % | 7.9 | % | (5 | ) | 2 | ||||||||||||||||||
| IO 30yr 5.0 | 1,448 | 300 | 0.00 | % | 20.72 | 5.00 | % | 5.37 | % | 185 | 162 | 1.1 | % | 11.4 | % | (5 | ) | 3 | ||||||||||||||||||
| IO Total | 76,072 | 13,398 | 0.14 | % | 17.61 | 4.01 | % | 4.59 | % | 139 | 202 | 6.6 | % | 9.8 | % | (295 | ) | 178 | ||||||||||||||||||
| IIO 30yr 4.0 | 17,923 | 200 | 0.00 | % | 1.12 | 0.00 | % | 4.40 | % | 98 | 250 | 0.7 | % | 0.9 | % | 117 | (82 | ) | ||||||||||||||||||
| Total Structured RMBS | 93,995 | 13,598 | 0.14 | % | 14.47 | 3.24 | % | 4.56 | % | 132 | 212 | 5.5 | % | 8.1 | % | (178 | ) | 96 | ||||||||||||||||||
| Total Mortgage Assets | $ | 9,810,629 | $ | 9,885,355 | 100.00 | % | 5.46 | % | 6.35 | % | 21 | 330 | 13.7 | % | 13.8 | % | $ | 114,668 | $ | (149,037 | ) | |||||||||||||||
| Hedge | Modeled Interest | ||||||||||||
| Notional | Period | Rate Sensitivity (1) | |||||||||||
| Hedge | Balance | End | (-50 BPS) | (+50 BPS) | |||||||||
| 3-Month SOFR Futures | $ | (390,000 | ) | Sep-26 | $ | (3,087 | ) | $ | 3,087 | ||||
| 5-Year Treasury Future(2) | (562,500 | ) | May-30 | (11,896 | ) | 11,631 | |||||||
| 10-Year Treasury Future(3) | (90,000 | ) | Nov-32 | (2,989 | ) | 2,905 | |||||||
| 10-Year Ultra Treasury Future(4) | (60,000 | ) | Aug-35 | (2,737 | ) | 2,624 | |||||||
| 5-Year ERIS SOFR Swap Futures | (10,000 | ) | Dec-30 | (228 | ) | 221 | |||||||
| Swaps | (4,433,300 | ) | Feb-31 | (106,796 | ) | 103,367 | |||||||
| TBA Short | (644,900 | ) | Dec-25 | (5,994 | ) | 9,442 | |||||||
| Hedge Total | $ | (6,190,700 | ) | $ | (133,727 | ) | $ | 133,277 | |||||
| Rate Shock Grand Total | $ | (19,059 | ) | $ | (15,760 | ) | |||||||
| (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 | ) | Five-year Treasury futures contracts were valued at prices of $109.77 at November 30, 2025. The market value of the short position was $617.4 million. |
| (3 | ) | Ten-year Treasury futures contracts were valued at prices of $113.34 at November 30, 2025. The market value of the short position was $102.0 million. |
| (4 | ) | Ten-year Ultra futures contracts were valued at prices of $116.20 at November 30, 2025. The market value of the short position was $69.7 million. |
| RMBS Assets by Agency | ||||||||
| ($ in thousands) | ||||||||
| Percentage | ||||||||
| Fair | of | |||||||
| Asset Category | Value | Portfolio | ||||||
| As of November 30, 2025 | ||||||||
| Fannie Mae | $ | 5,428,964 | 56.3 | % | ||||
| Freddie Mac | 4,206,293 | 43.7 | % | |||||
| Total Mortgage Assets | $ | 9,635,257 | 100.0 | % | ||||
| Investment Company Act of 1940 Whole Pool Test | ||||||||
| ($ in thousands) | ||||||||
| Percentage | ||||||||
| Fair | of | |||||||
| Asset Category | Value | Portfolio | ||||||
| As of November 30, 2025 | ||||||||
| Non-Whole Pool Assets | $ | 644,016 | 6.7 | % | ||||
| Whole Pool Assets | 8,991,241 | 93.3 | % | |||||
| Total Mortgage Assets | $ | 9,635,257 | 100.0 | % | ||||
| Borrowings By Counterparty | |||||||||||||||||
| ($ in thousands) | |||||||||||||||||
| Weighted | Weighted | ||||||||||||||||
| % of | Average | Average | |||||||||||||||
| Total | Total | Repo | Maturity | Longest | |||||||||||||
| As of November 30, 2025 | Borrowings | Debt | Rate | in Days | Maturity | ||||||||||||
| Citigroup Global Markets Inc | $ | 529,451 | 5.8 | % | 4.08 | % | 48 | 2/25/2026 | |||||||||
| J.P. Morgan Securities LLC | 502,011 | 5.5 | % | 4.14 | % | 21 | 12/24/2025 | ||||||||||
| Merrill Lynch, Pierce, Fenner & Smith | 465,998 | 5.1 | % | 4.17 | % | 48 | 2/13/2026 | ||||||||||
| South Street Securities, LLC | 423,391 | 4.7 | % | 4.04 | % | 147 | 11/13/2026 | ||||||||||
| Wells Fargo Securities, LLC | 387,082 | 4.3 | % | 4.14 | % | 10 | 12/29/2025 | ||||||||||
| DV Securities, LLC Repo | 381,437 | 4.2 | % | 4.09 | % | 43 | 2/20/2026 | ||||||||||
| Hidden Road Partners Civ US LLC | 379,212 | 4.2 | % | 4.11 | % | 30 | 2/24/2026 | ||||||||||
| Daiwa Securities America Inc. | 377,886 | 4.2 | % | 4.10 | % | 86 | 3/23/2026 | ||||||||||
| ASL Capital Markets Inc. | 377,675 | 4.2 | % | 4.16 | % | 63 | 9/21/2026 | ||||||||||
| ABN AMRO Bank N.V. | 368,418 | 4.1 | % | 4.14 | % | 41 | 1/26/2026 | ||||||||||
| Marex Capital Markets Inc. | 367,575 | 4.1 | % | 4.13 | % | 41 | 1/23/2026 | ||||||||||
| StoneX Financial Inc. | 365,735 | 4.0 | % | 4.13 | % | 21 | 12/22/2025 | ||||||||||
| The Bank of Nova Scotia | 362,385 | 4.0 | % | 4.13 | % | 23 | 12/23/2025 | ||||||||||
| Clear Street LLC | 350,740 | 3.9 | % | 4.12 | % | 14 | 12/18/2025 | ||||||||||
| Bank of Montreal | 346,435 | 3.8 | % | 4.10 | % | 31 | 1/14/2026 | ||||||||||
| Goldman, Sachs & Co | 327,932 | 3.6 | % | 4.12 | % | 28 | 12/29/2025 | ||||||||||
| Mirae Asset Securities (USA) Inc. | 327,016 | 3.6 | % | 4.12 | % | 22 | 1/15/2026 | ||||||||||
| RBC Capital Markets, LLC | 322,041 | 3.6 | % | 4.09 | % | 57 | 1/26/2026 | ||||||||||
| Banco Santander SA | 315,820 | 3.5 | % | 4.13 | % | 27 | 2/13/2026 | ||||||||||
| Cantor Fitzgerald & Co | 308,472 | 3.4 | % | 4.09 | % | 51 | 1/26/2026 | ||||||||||
| ING Financial Markets LLC | 284,938 | 3.1 | % | 4.07 | % | 79 | 2/17/2026 | ||||||||||
| MUFG Securities Canada, Ltd. | 251,521 | 2.8 | % | 4.13 | % | 5 | 12/5/2025 | ||||||||||
| Mitsubishi UFJ Securities (USA), Inc. | 239,322 | 2.6 | % | 4.13 | % | 15 | 12/15/2025 | ||||||||||
| Nomura Securities International, Inc. | 207,915 | 2.3 | % | 4.16 | % | 15 | 12/15/2025 | ||||||||||
| Mizuho Securities USA LLC | 206,505 | 2.3 | % | 4.09 | % | 43 | 1/26/2026 | ||||||||||
| Brean Capital, LLC | 149,905 | 1.7 | % | 4.14 | % | 11 | 12/11/2025 | ||||||||||
| Natixis, New York Branch | 105,592 | 1.2 | % | 4.20 | % | 1 | 12/1/2025 | ||||||||||
| Lucid Prime Fund, LLC | 33,925 | 0.4 | % | 4.12 | % | 11 | 12/11/2025 | ||||||||||
| Total Borrowings | $ | 9,066,335 | 100.0 | % | 4.12 | % | 41 | 11/13/2026 | |||||||||
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