Orchid Island Capital Announces November 2024 Monthly Dividend and October 31, 2024 RMBS Portfolio Characteristics

Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for November 2024, payable on December 30, 2024, to shareholders of record on November 29, 2024 [1] - The estimated book value per share as of November 8, 2024, is approximately$8.30 to $8.34, reflecting a decrease of 0.7$8.40 as of September 30, 2024 [2] - The company had 78,539,645 shares of common stock outstanding as of November 13, 2024, an increase from 78,082,645 shares as of September 30, 2024 [1][2] Dividend and Distribution - The company intends to make regular monthly cash distributions to its common stockholders, in compliance with REIT regulations requiring at least 90% of taxable income to be distributed annually [1] - The next dividend announcement is expected on December 10, 2024 [1] Financial Overview - As of November 8, 2024, the estimated total stockholders' equity is approximately $652.0 million to$655.0 million [2] - The company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares [2] RMBS Portfolio Characteristics - The company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [4] - As of October 31, 2024, the total mortgage assets were valued at approximately $5.346 billion, with Fannie Mae and Freddie Mac assets comprising 67.9$5.125 billion, with a weighted average borrowing rate of 5.06% [11] - The company has various hedging strategies in place, including SOFR futures and swaps, to manage interest rate sensitivity [8]