Orchid Island Capital, Inc. announced a June 2025 dividend of $0.12 per share, payable July 30, 2025.
Quiver AI Summary
Orchid Island Capital, Inc. announced a monthly dividend of $0.12 per share, payable on July 30, 2025, to shareholders on record as of June 30, 2025. The ex-dividend date is also June 30, 2025. The company plans to announce its next dividend on July 9, 2025, while emphasizing its commitment to making regular monthly cash distributions to shareholders. As of June 10, 2025, Orchid Island Capital had 121,210,845 shares of common stock outstanding, a rise from 119,072,481 shares in May. The company operates as a REIT and outlines that it must distribute at least 90% of its taxable income to maintain its tax status. It also provided preliminary details on its RMBS portfolio characteristics, which are subject to change.
Potential Positives
- The declaration of a monthly cash dividend of $0.12 per share demonstrates the company's commitment to returning value to its shareholders.
- The upcoming dividend payment on July 30, 2025, reinforces financial stability and enhances investor confidence.
- The company's focus on regular monthly cash distributions aligns with its strategy as a real estate investment trust (REIT), which may appeal to income-oriented investors.
Potential Negatives
- The company has not established a minimum distribution payment level, which creates uncertainty regarding future dividends.
- The company is subject to income tax on taxable income that is not distributed, increasing financial pressure if distribution levels fluctuate.
- Recent share increases could signal dilution for existing shareholders, particularly if the company needs to raise capital.
FAQ
What is the monthly dividend for June 2025?
The monthly cash dividend declared for June 2025 is $0.12 per share of common stock.
When will the June 2025 dividend be paid?
The dividend will be paid on July 30, 2025, to holders of record on June 30, 2025.
What is the expected date for the next dividend announcement?
The Company plans to announce its next common stock dividend on July 9, 2025.
How does Orchid Island Capital qualify as a REIT?
The Company must distribute annually at least 90% of its REIT taxable income to qualify as a real estate investment trust.
What are the main types of investments for Orchid Island Capital?
The Company invests primarily in traditional pass-through and structured Agency RMBS on a leveraged basis.
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 Hedge Fund Activity
We have seen 104 institutional investors add shares of $ORC stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 3,023,062 shares (+537.5%) to their portfolio in Q1 2025, for an estimated $22,733,426
- VANGUARD GROUP INC added 1,102,315 shares (+26.0%) to their portfolio in Q1 2025, for an estimated $8,289,408
- QUBE RESEARCH & TECHNOLOGIES LTD added 834,118 shares (+inf%) to their portfolio in Q1 2025, for an estimated $6,272,567
- TWO SIGMA INVESTMENTS, LP added 829,660 shares (+643.2%) to their portfolio in Q1 2025, for an estimated $6,239,043
- MILLENNIUM MANAGEMENT LLC added 726,907 shares (+234.9%) to their portfolio in Q1 2025, for an estimated $5,466,340
- WOLVERINE ASSET MANAGEMENT LLC added 643,717 shares (+416.3%) to their portfolio in Q1 2025, for an estimated $4,840,751
- RENAISSANCE TECHNOLOGIES LLC added 560,638 shares (+inf%) to their portfolio in Q1 2025, for an estimated $4,215,997
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
- June 2025 Monthly Dividend of $0.12 Per Share of Common Stock
- RMBS Portfolio Characteristics as of May 31, 2025
- Next Dividend Announcement Expected July 9, 2025
Vero Beach, Fla., June 10, 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 June 2025. The dividend of $0.12 per share will be paid July 30, 2025 to holders of record of the Company’s common stock on June 30, 2025, with an ex-dividend date of June 30, 2025. The Company plans on announcing its next common stock dividend on July 9, 2025.
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 June 10, 2025, the Company had 121,210,845 shares of common stock outstanding. As of May 31, 2025, the Company had 119,072,481 shares of common stock outstanding. As of March 31, 2025, the Company had 107,786,614 shares of common stock outstanding.
RMBS Portfolio Characteristics
Details of the RMBS portfolio as of May 31, 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, the offer and sale of shares of common stock under the Equity Distribution Agreement or follow-on offerings. 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.
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RMBS Valuation Characteristics
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| Fixed Rate RMBS | ||||||||||||||||||||||||||||||||||||||||||||||||
| 15yr 5.0 TBA | $ | 250,000 | $ | 249,951 | 3.75 | % | 99.98 | 5.00 | % | 5.85 | % | 10 | 165 | n/a | n/a | $ | 3,252 | $ | (3,789 | ) | ||||||||||||||||||||||||||||
| 15yr Total | 250,000 | 249,951 | 3.75 | % | 99.98 | 5.00 | % | 5.85 | % | 10 | 165 | n/a | n/a | 3,252 | (3,789 | ) | ||||||||||||||||||||||||||||||||
| 30yr 3.0 | 861,726 | 746,897 | 11.21 | % | 86.67 | 3.00 | % | 3.48 | % | 51 | 301 | 6.5 | % | 6.6 | % | 22,295 | (22,828 | ) | ||||||||||||||||||||||||||||||
| 30yr 3.5 | 169,289 | 152,575 | 2.29 | % | 90.13 | 3.50 | % | 4.04 | % | 63 | 284 | 7.0 | % | 7.5 | % | 4,206 | (4,297 | ) | ||||||||||||||||||||||||||||||
| 30yr 4.0 | 160,895 | 148,817 | 2.23 | % | 92.49 | 4.00 | % | 4.70 | % | 49 | 306 | 3.9 | % | 6.4 | % | 3,862 | (4,051 | ) | ||||||||||||||||||||||||||||||
| 30yr 4.5 | 291,390 | 276,107 | 4.14 | % | 94.76 | 4.50 | % | 5.44 | % | 35 | 320 | 10.2 | % | 10.8 | % | 6,103 | (6,645 | ) | ||||||||||||||||||||||||||||||
| 30yr 5.0 | 428,300 | 416,608 | 6.25 | % | 97.27 | 5.00 | % | 5.92 | % | 30 | 324 | 12.2 | % | 7.2 | % | 8,760 | (9,681 | ) | ||||||||||||||||||||||||||||||
| 30yr 5.5 | 1,008,504 | 1,007,274 | 15.12 | % | 99.88 | 5.50 | % | 6.44 | % | 11 | 345 | 7.7 | % | 7.3 | % | 19,338 | (22,476 | ) | ||||||||||||||||||||||||||||||
| 30yr 6.0 | 2,046,921 | 2,083,373 | 31.27 | % | 101.78 | 6.00 | % | 6.96 | % | 11 | 344 | 9.4 | % | 8.6 | % | 27,658 | (34,815 | ) | ||||||||||||||||||||||||||||||
| 30yr 6.5 | 1,238,228 | 1,280,378 | 19.22 | % | 103.40 | 6.50 | % | 7.44 | % | 14 | 342 | 14.6 | % | 14.3 | % | 11,816 | (16,067 | ) | ||||||||||||||||||||||||||||||
| 30yr 7.0 | 273,306 | 286,323 | 4.30 | % | 104.76 | 7.00 | % | 7.94 | % | 19 | 334 | 30.2 | % | 33.0 | % | 2,291 | (2,961 | ) | ||||||||||||||||||||||||||||||
| 30yr Total | 6,478,559 | 6,398,352 | 96.02 | % | 98.76 | 5.41 | % | 6.28 | % | 22 | 333 | 10.6 | % | 10.4 | % | 106,329 | (123,821 | ) | ||||||||||||||||||||||||||||||
| Total Pass-Through MBS | 6,728,559 | 6,648,303 | 99.78 | % | 98.81 | 5.40 | % | 6.26 | % | 22 | 327 | 10.6 | % | 10.4 | % | 109,581 | (127,610 | ) | ||||||||||||||||||||||||||||||
| Structured MBS | ||||||||||||||||||||||||||||||||||||||||||||||||
| IO 20yr 4.0 | 6,317 | 563 | 0.01 | % | 8.91 | 4.00 | % | 4.57 | % | 160 | 73 | 12.2 | % | 11.7 | % | 3 | (3 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 3.0 | 2,491 | 303 | 0.00 | % | 12.15 | 3.00 | % | 3.64 | % | 124 | 226 | 1.0 | % | 9.7 | % | - | (1 | ) | ||||||||||||||||||||||||||||||
| IO 30yr 4.0 | 68,512 | 12,959 | 0.19 | % | 18.91 | 4.00 | % | 4.60 | % | 129 | 222 | 3.9 | % | 4.1 | % | (214 | ) | 144 | ||||||||||||||||||||||||||||||
| IO 30yr 4.5 | 2,970 | 546 | 0.01 | % | 18.39 | 4.50 | % | 4.99 | % | 179 | 168 | 6.8 | % | 7.1 | % | (4 | ) | 1 | ||||||||||||||||||||||||||||||
| IO 30yr 5.0 | 1,563 | 329 | 0.00 | % | 21.05 | 5.00 | % | 5.37 | % | 179 | 168 | 1.6 | % | 1.4 | % | (4 | ) | 2 | ||||||||||||||||||||||||||||||
| IO Total | 81,853 | 14,700 | 0.22 | % | 17.96 | 4.01 | % | 4.59 | % | 134 | 207 | 4.5 | % | 4.9 | % | (219 | ) | 143 | ||||||||||||||||||||||||||||||
| IIO 30yr 4.0 | 20,327 | 240 | 0.00 | % | 1.18 | 0.00 | % | 4.40 | % | 92 | 256 | 7.0 | % | 7.6 | % | (74 | ) | (130 | ) | |||||||||||||||||||||||||||||
| Total Structured RMBS | 102,180 | 14,940 | 0.22 | % | 14.62 | 3.21 | % | 4.56 | % | 126 | 217 | 5.0 | % | 5.4 | % | (293 | ) | 13 | ||||||||||||||||||||||||||||||
| Total Mortgage Assets | $ | 6,830,739 | $ | 6,663,243 | 100.00 | % | 5.36 | % | 6.24 | % | 23 | 325 | 10.5 | % | 10.3 | % | $ | 109,288 | $ | (127,597 | ) | |||||||||||||||||||||||||||
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| 3-Month SOFR Futures | $ | (115,000 | ) | Aug-26 | $ | (1,150 | ) | $ | 1,150 | ||||||
| 5-Year Treasury Future (2) | (487,500 | ) | Sep-25 | (10,081 | ) | 9,928 | |||||||||
| 10-Year Treasury Future(3) | (333,500 | ) | Sep-25 | (10,869 | ) | 10,451 | |||||||||
| 10-Year Ultra Treasury Future(4) | (197,500 | ) | Sep-25 | (8,569 | ) | 8,229 | |||||||||
| ERIS Swap Futures | (10,000 | ) | Jun-25 | (228 | ) | 222 | |||||||||
| Swaps | (3,517,800 | ) | Jan-31 | (88,542 | ) | 85,510 | |||||||||
| TBAs | (200,000 | ) | Jun-25 | (5,037 | ) | 5,435 | |||||||||
| Hedge Total | $ | (4,861,300 | ) | $ | (124,476 | ) | $ | 120,925 | |||||||
| Rate Shock Grand Total | $ | (15,188 | ) | $ | (6,672 | ) | |||||||||
| (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 $108.19 at May 31, 2025. The market value of the short position was $527.4 million. | |
| (3) | Ten-year Treasury futures contracts were valued at prices of $110.75 at May 31, 2025. The market value of the short position was $369.4 million. | |
| (4) | Ten-year Ultra Treasury futures contracts were valued at prices of $112.55 at May 31, 2025. The market value of the short position was $222.3 million. | |
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| Fannie Mae | $ | 3,938,461 | 61.4 | % | ||||
| Freddie Mac | 2,474,831 | 38.6 | % | |||||
| Total Mortgage Assets | $ | 6,413,292 | 100.0 | % | ||||
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| Non-Whole Pool Assets | $ | 231,057 | 3.6 | % | ||||
| Whole Pool Assets | 6,182,235 | 96.4 | % | |||||
| Total Mortgage Assets | $ | 6,413,292 | 100.0 | % | ||||
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Borrowings
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Debt
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| J.P. Morgan Securities LLC | $ | 348,713 | 5.7 | % | 4.48 | % | 15 | 6/23/2025 | ||||||||||
| Merrill Lynch, Pierce, Fenner & Smith | 330,918 | 5.4 | % | 4.49 | % | 21 | 6/23/2025 | |||||||||||
| Wells Fargo Bank, N.A. | 312,141 | 5.1 | % | 4.47 | % | 37 | 7/16/2025 | |||||||||||
| Goldman, Sachs & Co | 307,973 | 5.0 | % | 4.47 | % | 29 | 6/30/2025 | |||||||||||
| Citigroup Global Markets Inc | 306,527 | 5.0 | % | 4.48 | % | 29 | 6/30/2025 | |||||||||||
| DV Securities, LLC Repo | 299,120 | 4.9 | % | 4.48 | % | 45 | 7/28/2025 | |||||||||||
| ING Financial Markets LLC | 297,873 | 4.9 | % | 4.48 | % | 20 | 6/23/2025 | |||||||||||
| ABN AMRO Bank N.V. | 291,423 | 4.7 | % | 4.48 | % | 22 | 6/23/2025 | |||||||||||
| Mirae Asset Securities (USA) Inc. | 285,682 | 4.7 | % | 4.43 | % | 135 | 11/13/2025 | |||||||||||
| Marex Capital Markets Inc. | 284,682 | 4.6 | % | 4.47 | % | 21 | 6/23/2025 | |||||||||||
| StoneX Financial Inc. | 284,312 | 4.6 | % | 4.47 | % | 17 | 6/18/2025 | |||||||||||
| Clear Street LLC | 281,457 | 4.6 | % | 4.48 | % | 25 | 7/14/2025 | |||||||||||
| ASL Capital Markets Inc. | 276,480 | 4.5 | % | 4.47 | % | 46 | 7/18/2025 | |||||||||||
| Daiwa Securities America Inc. | 271,816 | 4.4 | % | 4.48 | % | 21 | 6/23/2025 | |||||||||||
| South Street Securities, LLC | 267,923 | 4.4 | % | 4.46 | % | 27 | 7/29/2025 | |||||||||||
| MUFG Securities Canada, Ltd. | 259,157 | 4.2 | % | 4.46 | % | 11 | 6/20/2025 | |||||||||||
| Mitsubishi UFJ Securities (USA), Inc. | 255,687 | 4.2 | % | 4.47 | % | 21 | 7/21/2025 | |||||||||||
| RBC Capital Markets, LLC | 251,928 | 4.1 | % | 4.46 | % | 21 | 6/27/2025 | |||||||||||
| Cantor Fitzgerald & Co | 250,496 | 4.1 | % | 4.49 | % | 11 | 6/12/2025 | |||||||||||
| Bank of Montreal | 196,402 | 3.2 | % | 4.49 | % | 22 | 6/23/2025 | |||||||||||
| The Bank of Nova Scotia | 186,245 | 3.0 | % | 4.48 | % | 30 | 7/21/2025 | |||||||||||
| Banco Santander SA | 137,790 | 2.2 | % | 4.50 | % | 16 | 6/16/2025 | |||||||||||
| Nomura Securities International, Inc. | 118,935 | 1.9 | % | 4.49 | % | 16 | 6/20/2025 | |||||||||||
| Lucid Prime Fund, LLC | 34,901 | 0.6 | % | 4.49 | % | 12 | 6/12/2025 | |||||||||||
| Total Borrowings | $ | 6,138,581 | 100.0 | % | 4.47 | % | 29 | 11/13/2025 | ||||||||||
