Orchid Island Capital Declares October 2025 Monthly Dividend
Orchid Island Capital, Inc. has announced a monthly cash dividend of $0.12 per share for October 2025, as confirmed by the Company’s Board of Directors. This dividend is set to be disbursed on November 26, 2025, to shareholders who are on record as of October 31, 2025, with the ex-dividend date also falling on October 31, 2025. The Company anticipates revealing its next dividend for common stock on November 12, 2025. Orchid Island Capital aims to provide consistent monthly cash distributions to its common stockholders.
Compliance with REIT Distribution Requirements
In order to maintain its status as a real estate investment trust (REIT), Orchid Island Capital must distribute at least 90% of its taxable income to shareholders annually, excluding net capital gains. Should the Company fail to meet this distribution requirement, it may face income tax liabilities on undistributed taxable income, as well as potential excise taxes for distributions not made by designated deadlines. It is important to note that Orchid Island has not set a minimum distribution level, and future distributions to shareholders are not guaranteed.
Common Stock Share Count Updates
As of October 15, 2025, Orchid Island Capital had a total of 151,711,940 shares of common stock outstanding. This reflects an increase from the 148,239,401 shares reported as of September 30, 2025, and from the 126,566,926 shares noted on June 30, 2025.
Estimated Book Value Per Share as of September 30, 2025
The estimated book value per share of Orchid Island Capital as of September 30, 2025, stands at $7.33. This figure is derived from dividing the total equity of stockholders by the number of outstanding common shares. As of the same date, the preliminary total stockholders’ equity was approximately $1,086.1 million, based on 148,239,401 shares of common stock. These estimates are preliminary and will be subject to further review by the Company’s independent registered public accounting firm.
Net Income Per Share and Gains on RMBS Instruments
Orchid Island Capital estimates a net income of $0.53 per share for the quarter ending September 30, 2025. This figure includes approximately $0.37 per share attributed to net realized and unrealized gains on residential mortgage-backed securities (RMBS) and derivative instruments. In comparison, total dividends declared during this quarter amounted to $0.36 per share. It is crucial to recognize that net income calculated in accordance with generally accepted accounting principles (GAAP) may differ from the REIT taxable income, which the Company considers a more accurate reflection of potential dividends.
Estimated Total Return on Equity
For the quarter that concluded on September 30, 2025, Orchid Island Capital’s estimated total return on equity was recorded at 6.6%. This total return combines the dividends declared and paid during the period with any changes in book value, divided by the equity held by shareholders at the start of the quarter. The total return equated to $0.48 per share, which included $0.36 in dividends and a $0.12 increase in book value from June 30, 2025.
RMBS Portfolio Characteristics
Details regarding the RMBS portfolio as of September 30, 2025, are preliminary and will undergo review by the Company’s independent registered public accounting firm. This portfolio encompasses various valuation characteristics and risk measures related to RMBS assets, categorized by agency and exposure levels.
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. specializes in finance by investing primarily in Agency RMBS with leverage. The Company’s investment strategy centers on two main categories of Agency RMBS: traditional pass-through RMBS, including mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac, or Ginnie Mae, as well as structured Agency RMBS. The firm is managed by Bimini Advisors, LLC, which is a registered investment adviser with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Such statements encompass expectations regarding the Company’s distributions but are not guaranteed outcomes. Investors are advised to exercise caution and not overly rely on these projections, and they should refer to the “Risk Factors” section found in the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, for further insight into potential influencing factors.
RMBS Assets by Agency
As of September 30, 2025, Orchid Island Capital’s RMBS assets are notably comprised of $4,741,968,000 from Fannie Mae, accounting for 56.7% of the asset portfolio, and $3,614,112,000 from Freddie Mac, which constitutes the remaining 43.3%. The total mortgage assets amount to $8,356,080,000.
Borrowings Overview
The Company’s borrowings as of September 30, 2025, totaled $8,006,978,000, with an average debt rate of 4.33% across various counterparties. The details include specific amounts borrowed, rates, and maturities from notable financial institutions, highlighting the structure of the Company’s financing strategy.
