Orchid Island Capital, Inc. (NYSE: ORC) has announced its monthly dividend for August 2024 at $0.12 per share of common stock. This dividend will be paid on September 27, 2024, to stockholders of record on August 30, 2024. The ex-dividend date is also on August 30, 2024. The company plans to announce its next common stock dividend on September 9, 2024.
As of August 14, 2024, and July 31, 2024, the company had 71,338,574 shares of common stock outstanding, which is an increase from the 64,824,374 shares of common stock outstanding as of June 30, 2024.
Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in agency RMBS. The company's investment strategy focuses on two categories of agency RMBS: traditional pass-through agency RMBS and structured agency RMBS. The company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.
The company has also provided details of the RMBS portfolio characteristics as of July 31, 2024. These include RMBS valuation characteristics, RMBS assets by agency, investment company act of 1940 (whole pool) test results, repurchase agreement exposure by counterparty, and RMBS risk measures. These figures are preliminary and subject to change. Today the company's shares have moved 0.0% to a price of $7.96. Check out the company's full 8-K submission here.
