Orchid Island Capital Announces Estimated Fourth Quarter 2024 Results January 2025 Monthly Dividend and December 31, 2024 RMBS Portfolio Characteristics

Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for January 2025, payable on February 27, 2025, to shareholders of record as of January 31, 2025, with an ex-dividend date of January 31, 2025 [1] - The company aims to make regular monthly cash distributions to its common stockholders and must distribute at least 90% of its REIT taxable income annually to qualify as a real estate investment trust (REIT) [2] - As of January 8, 2025, the company had 84,613,638 shares of common stock outstanding, an increase from 82,622,464 shares as of December 31, 2024 [3] Financial Metrics - The estimated book value per share as of December 31, 2024, was$ 8.09, calculated by dividing total stockholders' equity of approximately $668.5 million by the total number of outstanding shares [4] - The estimated net income per share for the quarter ended December 31, 2024, was$ 0.07, which includes an estimated $0.02 per share of net realized and unrealized gains on RMBS and derivative instruments [5] - The estimated total return on equity for the quarter ended December 31, 2024, was 0.6%, calculated as the sum of dividends declared and changes in book value divided by the stockholders' equity at the beginning of the quarter [6] RMBS Portfolio - The company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [7] - As of December 31, 2024, the total mortgage assets amounted to$ 5,303,052 thousand, with Fannie Mae accounting for 70.6% and Freddie Mac for 29.4% of the portfolio [15][16] - The company has a significant amount of borrowings, totaling $5,025,543 thousand, with a weighted average interest rate of 4.66% [17]