Orchid Island Capital, Inc. has announced a monthly dividend of $0.12 per share of common stock for December 2024, representing a consistent dividend payout compared to the previous period. This dividend will be paid on January 30, 2025, to shareholders of record on December 31, 2024.
As of December 10, 2024, the company had 79,849,645 shares of common stock outstanding, an increase from the 78,082,645 shares outstanding as of September 30, 2024.
The company has also provided an update on its RMBS portfolio characteristics as of November 30, 2024. The details 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.
Orchid Island Capital, Inc. is a specialty finance company that invests in agency RMBS on a leveraged basis. 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 next dividend announcement is expected on January 8, 2025, and the company has reiterated its intention to make regular monthly cash distributions to its holders of common stock. Today the company's shares have moved 0.2% to a price of $8.04. For the full picture, make sure to review Orchid Island Capital's 8-K report.
