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Orchid Island Capital Announces Estimated First Quarter 2025 Results, April 2025 Monthly Dividend and March 31, 2025 RMBS Portfolio Characteristics
ORCOrchid Island Capital(ORC) GlobeNewswire·2025-04-09 21:10

Core Viewpoint - Orchid Island Capital, Inc. announced a monthly cash dividend of 0.12pershareforApril2025,tobepaidonMay29,2025,withanex−dividenddateofApril30,2025[1]DividendandDistribution−Thecompanyintendstomakeregularmonthlycashdistributionstoitscommonstockholders,adheringtotherequirementofdistributingatleast900.12 per share for April 2025, to be paid on May 29, 2025, with an ex-dividend date of April 30, 2025 [1] Dividend and Distribution - The company intends to make regular monthly cash distributions to its common stockholders, adhering to the requirement of distributing at least 90% of its REIT taxable income annually to qualify as a real estate investment trust (REIT) [2] - The company has not established a minimum distribution payment level and cannot assure its ability to make future distributions [2] Share Information - As of April 9, 2025, the company had 107,673,390 shares of common stock outstanding, a slight decrease from 107,786,614 shares as of March 31, 2025 [3] Financial Metrics - The estimated book value per share as of March 31, 2025, was 7.94, calculated by dividing total stockholders' equity of approximately 855.9millionbythetotalnumberofoutstandingshares[4]−TheestimatednetincomepershareforthequarterendedMarch31,2025,was855.9 million by the total number of outstanding shares [4] - The estimated net income per share for the quarter ended March 31, 2025, was 0.18, which includes an estimated 0.17pershareofnetrealizedandunrealizedgainsonRMBSandderivativeinstruments[5]−ThetotalreturnonequityforthequarterendedMarch31,2025,wasestimatedat2.60.17 per share of net realized and unrealized gains on RMBS and derivative instruments [5] - The total return on equity for the quarter ended March 31, 2025, was estimated at 2.6%, comprising dividends per share of 0.36 and a decrease in book value per share of 0.15[6]RMBSPortfolio−ThecompanyinvestsinAgencyRMBS,focusingontraditionalpass−throughAgencyRMBSandstructuredAgencyRMBS[7]−AsofMarch31,2025,thetotalmortgageassetsamountedto0.15 [6] RMBS Portfolio - The company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [7] - As of March 31, 2025, the total mortgage assets amounted to 6,938,868, with Fannie Mae and Freddie Mac accounting for 62.6% and 37.4% of the portfolio, respectively [13] Borrowings - Total borrowings as of March 31, 2025, were $6,418,641, with an average interest rate of 4.46% [15]