Orchid Island Capital, Inc. Declares May 2025 Monthly Dividend of $0.12 Per Share
Vero Beach, Fla. — Orchid Island Capital, Inc. (the “Company”) has officially announced that its Board of Directors has sanctioned a monthly cash dividend for May 2025. Shareholders will receive a dividend of $0.12 per share, to be disbursed on June 27, 2025, to those on record as of May 30, 2025. The ex-dividend date is also set for May 30, 2025. The Company is poised to announce its upcoming dividend for common stock on June 10, 2025. Orchid Island Capital is committed to providing regular monthly cash distributions to its common stock holders.
RMBS Portfolio Overview as of April 30, 2025
As of April 30, 2025, the Company has provided preliminary details regarding its RMBS (Residential Mortgage-Backed Securities) portfolio, which may be subject to modifications. This intra-quarter update is based on information that the Company believes to be reliable.
Understanding Orchid Island Capital, Inc.
Orchid Island Capital, Inc. operates as a specialized finance entity that invests in Agency RMBS using leverage. The Company’s investment strategy revolves around two main categories of Agency RMBS: (i) traditional pass-through Agency RMBS, including mortgage pass-through certificates and collateralized mortgage obligations issued by government-backed entities like Fannie Mae, Freddie Mac, and Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment advisor recognized by the Securities and Exchange Commission.
Forward-Looking Statements and Caution
This announcement includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 and other federal securities regulations. These statements encompass various aspects, including the Company’s distributions, but they are not guaranteed to actualize. Investors are advised to exercise caution and not to overly rely on these forward-looking statements. For a more comprehensive discussion regarding potential influencing factors, stakeholders should refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024.
RMBS Valuation Characteristics Summary
As of April 30, 2025, the RMBS valuation characteristics show significant figures. The analysis includes realized values, weighted averages, and CPR metrics which are crucial for assessing the performance of the mortgage-backed securities held by the Company.
RMBS Assets Distribution by Agency
As of April 30, 2025, the breakdown of RMBS assets reveals that Fannie Mae accounts for 61.1% of the total fair value, while Freddie Mac represents 38.9%. The complete portfolio of mortgage assets totals $6,188,315.
Investment Company Act of 1940 Compliance
The Company’s compliance with the Investment Company Act of 1940 includes a division of assets into whole pool and non-whole pool categories. Whole pool assets constitute a substantial 95.2% of the total mortgage assets, reflecting a strong alignment with regulatory requirements.
Borrowings Overview by Counterparty
The Company’s borrowings by counterparty provide insight into its financing structure. As of April 30, 2025, J.P. Morgan Securities LLC is the largest lender, followed closely by Merrill Lynch and Wells Fargo. The weighted average interest rate on total borrowings stands at 4.47%, with the longest maturity extending to September 15, 2025.
Contact Information for Orchid Island Capital, Inc.
For further inquiries, interested parties can reach out to Orchid Island Capital, Inc. at their office located at 3305 Flamingo Drive, Vero Beach, Florida 32963 or via telephone at (772) 231-1400.
