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Orchid Island Capital Announces August 2025 Monthly Dividend and July 31, 2025 RMBS Portfolio Characteristics

1. Orchid Island Capital declared a monthly dividend of $0.12 per share. 2. Next dividend announcement expected on September 8, 2025. 3. Company aims to distribute 90% of REIT taxable income to maintain tax status. 4. Current outstanding shares increased to 133.17 million as of August 2025. 5. Orchid Island's investments heavily focus on Agency RMBS and require regular distributions.

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-0.14%Current Return
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+0.01%S&P 500
$7.1608/13 05:00 PM EDTEvent Start
$7.1508/14 11:35 PM EDTLatest Updated
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FAQ

Why Bullish?

The consistent dividend payments signal stability and investor confidence, which is positive for the stock's valuation. Historically, companies with regular dividends often see stable or increasing stock prices.

How important is it?

This dividend announcement is crucial for investors evaluating income stability from ORC, impacting both sentiment and potential investors' decisions.

Why Short Term?

The announced dividend will likely affect stock price in the immediate months, especially around ex-dividend dates. Looking at past performance, announcements of dividends typically boost prices shortly before the payment date.

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AGNCNLYCIM
August 2025 Monthly Dividend of $0.12 Per Share of Common StockRMBS Portfolio Characteristics as of July 31, 2025Next Dividend Announcement Expected September 8, 2025 VERO BEACH, Fla., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of August 2025. The dividend of $0.12 per share will be paid September 29, 2025 to holders of record of the Company’s common stock on August 29, 2025, with an ex-dividend date of August 29, 2025. The Company plans on announcing its next common stock dividend on September 8, 2025. The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future. As of August 13, 2025, the Company had 133,172,673 shares of common stock outstanding. As of July 31, 2025, the Company had 130,595,848 shares of common stock outstanding. As of June 30, 2025, the Company had 126,566,926 shares of common stock outstanding. RMBS Portfolio Characteristics Details of the RMBS portfolio as of July 31, 2025 are presented below. These figures are preliminary and subject to change. The information contained herein is an intra-quarter update created by the Company based upon information that the Company believes is accurate: RMBS Valuation CharacteristicsRMBS Assets by AgencyInvestment Company Act of 1940 (Whole Pool) Test ResultsRepurchase Agreement Exposure by CounterpartyRMBS Risk Measures About Orchid Island Capital, Inc. Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024.   RMBS Valuation Characteristics ($ in thousands)                          Realized                         Realized May-25 -                         Jul-25 Jul-25               Net      Weighted CPR CPR               Weighted      Average (1-Month) (3-Month) Modeled Interest  CurrentFair % of Current Average      Maturity (Reported (Reported Rate Sensitivity (1) TypeFaceValue Portfolio Price Coupon GWAC Age (Months) in Aug) in Aug) (-50 BPS)(+50 BPS) Fixed Rate RMBS                                 30yr 3.0$848,648 $741,107 10.08% 87.33 3.00% 3.48% 53 299 7.8% 6.9% $21,788 $(22,024)30yr 3.5 166,312  151,220 2.06% 90.93 3.50% 4.04% 65 282 9.4% 8.3%  4,127  (4,170)30yr 4.0 158,877  148,139 2.02% 93.24 4.00% 4.70% 51 304 9.3% 6.6%  3,837  (3,986)30yr 4.5 285,759  272,923 3.71% 95.51 4.50% 5.44% 37 318 13.3% 10.9%  5,919  (6,433)30yr 5.0 418,604  410,003 5.58% 97.95 5.00% 5.92% 32 322 7.6% 9.9%  8,643  (9,528)30yr 5.5 1,237,391  1,243,479 16.92% 100.49 5.50% 6.42% 13 342 8.5% 7.3%  23,348  (27,107)30yr 6.0 2,457,281  2,513,089 34.19% 102.27 6.00% 6.93% 11 344 9.2% 8.7%  31,899  (40,450)30yr 6.5 1,525,438  1,585,715 21.57% 103.95 6.50% 7.40% 13 343 14.9% 15.5%  13,850  (19,122)30yr 7.0 256,727  270,437 3.68% 105.34 7.00% 7.94% 21 331 15.6% 25.6%  1,890  (2,587)30yr Total 7,355,037  7,336,112 99.80% 99.74 5.49% 6.35% 21 333 10.4% 10.3%  115,301  (135,407)Total Pass-Through RMBS 7,355,037  7,336,112 99.80% 99.74 5.49% 6.35% 21 333 10.4% 10.3%  115,301  (135,407)Structured RMBS                                 IO 20yr 4.0 6,029  504 0.01% 8.37 4.00% 4.57% 162 72 11.9% 12.7%  2  (2)IO 30yr 3.0 2,472  300 0.00% 12.12 3.00% 3.64% 126 224 26.8% 10.4%  -  (1)IO 30yr 4.0 67,107  12,622 0.17% 18.81 4.00% 4.59% 131 220 7.0% 6.7%  (211) 138 IO 30yr 4.5 2,912  533 0.01% 18.29 4.50% 4.99% 181 166 8.9% 8.3%  (3) 1 IO 30yr 5.0 1,539  322 0.00% 20.92 5.00% 5.37% 181 166 15.5% 8.3%  (4) 2 IO Total 80,059  14,281 0.19% 17.84 4.01% 4.59% 136 206 8.2% 7.3%  (216) 138 IIO 30yr 4.0 19,647  185 0.00% 0.94 0.00% 4.40% 94 254 9.5% 5.7%  92  (64)Total Structured RMBS 99,706  14,466 0.20% 14.51 3.22% 4.55% 128 215 8.4% 7.0%  (124) 74                                   Total Mortgage Assets$7,454,743 $7,350,578 100.00%   5.46% 6.33% 23 332 10.3% 10.3% $115,177 $(135,333)     Hedge Modeled Interest NotionalPeriod Rate Sensitivity (1)HedgeBalanceEnd (-50 BPS) (+50 BPS)3-Month SOFR Futures$(115,000)Aug-26 $(1,150) $1,150 5-Year Treasury Future(2) (562,500)Sep-25  (11,695)  11,433 10-Year Treasury Future(3) (228,500)Sep-25  (7,455)  7,243 10-Year Ultra Treasury Future(4) (197,500)Sep-25  (8,658)  8,292 5-Year ERIS SOFR Swap Futures (10,000)Sep-25  (231)  224 Swaps (3,843,300)Feb-31  (96,488)  93,225 TBA Short (340,000)Aug-25  (2,505)  3,747 Hedge Total$(5,296,800)  $(128,182) $125,314 Rate Shock Grand Total     $(13,005) $(10,019)  (1)Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.(2)Five-year Treasury futures contracts were valued at prices of $108.17 at July 31, 2025. The market value of the short position was $608.5 million.(3)Ten-year Treasury futures contracts were valued at prices of $111.06 at July 31, 2025. The market value of the short position was $253.8 million.(4)Ten-year Ultra futures contracts were valued at prices of $113.08 at July 31, 2025. The market value of the short position was $223.3 million. RMBS Assets by Agency       ($ in thousands)            Percentage Fair ofAsset CategoryValue PortfolioAs of July 31, 2025       Fannie Mae$4,419,539   60.1%Freddie Mac 2,931,039   39.9%Total Mortgage Assets$7,350,578   100.0%  Investment Company Act of 1940 Whole Pool Test ($ in thousands)            Percentage Fair ofAsset CategoryValue PortfolioAs of July 31, 2025       Non-Whole Pool Assets$417,423   5.7%Whole Pool Assets 6,933,155   94.3%Total Mortgage Assets$7,350,578   100.0%  Borrowings By Counterparty                ($ in thousands)                         Weighted Weighted       % of Average Average   Total Total Repo Maturity LongestAs of July 31, 2025Borrowings Debt Rate in Days MaturityJ.P. Morgan Securities LLC$343,768   5.0%  4.51%  59 10/23/2025Mirae Asset Securities (USA) Inc. 334,110   4.9%  4.42%  79 11/13/2025ASL Capital Markets Inc. 326,866   4.8%  4.48%  44 9/18/2025ABN AMRO Bank N.V. 324,146   4.8%  4.47%  51 9/22/2025Marex Capital Markets Inc. 307,526   4.5%  4.47%  28 9/25/2025Citigroup Global Markets Inc 303,177   4.5%  4.49%  87 10/30/2025Wells Fargo Bank, N.A. 301,894   4.4%  4.49%  14 8/14/2025Goldman, Sachs & Co 301,322   4.4%  4.48%  28 8/29/2025RBC Capital Markets, LLC 300,339   4.4%  4.52%  20 8/27/2025DV Securities, LLC Repo 293,657   4.3%  4.48%  71 10/28/2025ING Financial Markets LLC 292,441   4.3%  4.49%  48 9/17/2025Daiwa Securities America Inc. 291,352   4.3%  4.50%  47 9/23/2025Bank of Montreal 288,463   4.2%  4.50%  35 10/28/2025South Street Securities, LLC 280,229   4.1%  4.47%  58 10/14/2025StoneX Financial Inc. 280,050   4.1%  4.49%  49 9/18/2025Clear Street LLC 278,404   4.1%  4.48%  44 9/22/2025Cantor Fitzgerald & Co 277,431   4.1%  4.50%  27 8/27/2025Merrill Lynch, Pierce, Fenner & Smith 260,388   3.8%  4.51%  22 8/25/2025MUFG Securities Canada, Ltd. 254,861   3.7%  4.47%  8 8/8/2025Mitsubishi UFJ Securities (USA), Inc. 247,115   3.6%  4.49%  61 10/14/2025The Bank of Nova Scotia 243,502   3.6%  4.49%  54 10/23/2025Banco Santander SA 187,018   2.7%  4.50%  47 9/16/2025Nomura Securities International, Inc. 142,942   2.1%  4.47%  25 9/8/2025Mizuho Securities USA LLC 136,238   2.0%  4.52%  28 8/28/2025Natixis, New York Branch 104,700   1.5%  4.49%  28 8/29/2025Wells Fargo Securities, LLC 73,823   1.1%  4.48%  89 10/28/2025Lucid Prime Fund, LLC 34,862   0.5%  4.50%  14 8/14/2025Total Borrowings$6,810,624   100.0%  4.49%  44 11/13/2025  Contact: Orchid Island Capital, Inc.Robert E. Cauley3305 Flamingo Drive, Vero Beach, Florida 32963Telephone: (772) 231-1400

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