Orchid Island Capital Declares August 2025 Monthly Dividend of $0.12
Orchid Island Capital, Inc. (NYSE: ORC) has officially announced a monthly cash dividend of $0.12 per share for August 2025. This decision was made during a recent meeting of the Company’s Board of Directors. Shareholders on record as of August 29, 2025, will receive their dividends on September 29, 2025. Notably, the ex-dividend date is also set for August 29, 2025. The Company is expected to disclose details about its next dividend for common stock on September 8, 2025. Orchid Island Capital aims to maintain regular monthly cash distributions to its common stockholders.
Dividend Distribution Requirements for REITs
To retain its status as a real estate investment trust (REIT), Orchid Island Capital must distribute at least 90% of its taxable income to its stockholders annually. This distribution is calculated without deducting dividends paid and does not include any net capital gains. If the Company fails to distribute the required amount, it may incur income tax on any undistributed taxable income, along with potential excise taxes for not meeting specific distribution deadlines. Orchid Island has not set a minimum payment level for distributions and cannot guarantee future payouts to stockholders.
Shareholder Information
As of August 13, 2025, Orchid Island Capital had 133,172,673 shares of common stock in circulation, an increase from 130,595,848 shares reported on July 31, 2025, and 126,566,926 shares as of June 30, 2025.
Overview of RMBS Portfolio Characteristics
The Company has provided preliminary details regarding its Residential Mortgage-Backed Securities (RMBS) portfolio as of July 31, 2025. This information is subject to change and has been compiled by the Company based on what it believes to be accurate data. The characteristics of the RMBS portfolio include valuation metrics, asset categorization by agency, test outcomes related to the Investment Company Act of 1940, exposure from repurchase agreements, and associated risk measures.
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. operates as a specialty finance entity, primarily investing with leverage in Agency RMBS. The Company’s investment strategy centers on two main categories of Agency RMBS: traditional pass-through Agency RMBS, which include mortgage pass-through certificates and collateralized mortgage obligations from government-backed entities like Fannie Mae, Freddie Mac, and Ginnie Mae; and structured Agency RMBS. The management of the Company is handled by Bimini Advisors, LLC, which is a registered investment adviser recognized by the Securities and Exchange Commission.
Forward-Looking Statements
This announcement includes forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 and other federal securities regulations. These statements encompass expectations about the Company’s distributions, but they are not guaranteed. Investors are advised to approach these forward-looking statements with caution and not to place excessive reliance on them. Further details on potential risks that could impact outcomes can be found in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year concluding on December 31, 2024.
RMBS Valuation Characteristics
As of July 31, 2025, the RMBS portfolio’s valuation characteristics reflect various metrics including realized returns, weighted average coupon rates, and interest rate sensitivity. The portfolio is primarily composed of fixed-rate RMBS across different coupon rates and maturities, with detailed breakdowns of current fair values and performance metrics.
RMBS Assets by Agency
The composition of RMBS assets by agency shows that as of July 31, 2025, Fannie Mae accounts for 60.1% of the total asset value, while Freddie Mac makes up 39.9%. The total mortgage assets amount to $7,350,578,000.
Investment Company Act of 1940 Whole Pool Test
According to the Investment Company Act of 1940, the portfolio consists of 94.3% whole pool assets, with the remaining 5.7% categorized as non-whole pool assets, highlighting the structure of the Company’s RMBS holdings.
Borrowings by Counterparty
As of July 31, 2025, the Company has reported various borrowings from multiple counterparties, detailing their respective amounts, interest rates, and maturity dates. The total borrowings reach $6,810,624,000, with an average interest rate of 4.49%.
