Orchid Island Capital, Inc. has announced a monthly dividend of $0.12 per share of common stock for September 2024. This dividend will be paid on October 30, 2024, to holders of record as of September 30, 2024, with an ex-dividend date of September 30, 2024. The company also plans to announce its next common stock dividend on October 16, 2024.
As of September 9, 2024, the company had 73,997,050 shares of common stock outstanding, compared to 73,947,050 shares as of August 31, 2024, and 64,824,374 shares as of June 30, 2024.
The RMBS portfolio characteristics as of August 31, 2024, include details on 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.
Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in agency RMBS. The 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. Following these announcements, the company's shares moved 0.1%, and are now trading at a price of $8.19. Check out the company's full 8-K submission here.
