Orchid Island Capital announces $0.12 monthly dividend for August

Published 13/08/2025, 22:02
Orchid Island Capital announces $0.12 monthly dividend for August

VERO BEACH, Fla. - Orchid Island Capital, Inc. (NYSE:ORC) declared a monthly cash dividend of $0.12 per share for August 2025, the company announced Wednesday. The dividend represents an impressive 20.17% yield at the current stock price of $7.16, according to InvestingPro data.

The dividend will be paid on September 29, 2025, to shareholders of record as of August 29, 2025, with an ex-dividend date of August 29, 2025. The company expects to announce its next common stock dividend on September 8, 2025. InvestingPro data shows the company has maintained dividend payments for 13 consecutive years, demonstrating a strong commitment to shareholder returns.

As of August 13, 2025, Orchid Island Capital had 133,172,673 shares of common stock outstanding, according to the company statement. This represents an increase from 130,595,848 shares as of July 31, 2025, and 126,566,926 shares as of June 30, 2025.

Orchid Island Capital is a specialty finance company that invests in Agency Residential Mortgage-Backed Securities (RMBS) on a leveraged basis. The company’s portfolio consists primarily of traditional pass-through Agency RMBS and structured Agency RMBS.

As a real estate investment trust (REIT), Orchid Island Capital must distribute at least 90% of its REIT taxable income annually to maintain its REIT status.

The company’s RMBS portfolio as of July 31, 2025, was valued at approximately $7.35 billion, with 60.1% in Fannie Mae securities and 39.9% in Freddie Mac securities. The portfolio had a weighted average coupon of 5.46%. With a market capitalization of $909.92 million and a FAIR financial health score according to InvestingPro, the company appears to be trading above its Fair Value based on comprehensive analysis.

The company disclosed total borrowings of $6.81 billion with a weighted average repo rate of 4.49% and an average maturity of 44 days as of July 31, 2025. InvestingPro analysis reveals the company’s short-term obligations exceed liquid assets, with a current ratio of 0.07, though revenue growth forecasts remain positive for the current year.

This information is based on a press release statement from Orchid Island Capital.

In other recent news, Orchid Island Capital Inc. reported an unexpected loss in its second-quarter earnings, with earnings per share (EPS) dropping to -$0.16, a significant deviation from the anticipated $0.14. This resulted in a negative surprise of 214.29%. Despite the disappointing EPS, the company’s revenue soared to $23.15 million, surpassing the forecasted $3.7 million. In a separate development, Orchid Island Capital amended its at-the-market (ATM) equity distribution agreement, increasing the total offering capacity by $150 million. This amendment involves several sales agents, including J.P. Morgan Securities LLC and BTIG, LLC. Originally, the company was authorized to sell up to $350 million of its common stock through ATM offerings. As of the recent update, Orchid Island Capital has sold 34,517,584 shares, generating approximately $266.5 million in gross proceeds.

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