Orchid Island Capital(ORC) Globenewswire·2025-05-07 20:42Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for May 2025, payable on June 27, 2025, to shareholders of record on May 30, 2025, with an ex-dividend date of May 30, 2025 [1] - The company intends to make regular monthly cash distributions to its common stockholders, adhering to the requirement of distributing at least 90% of its REIT taxable income annually to qualify as a real estate investment trust [2] - As of May 7, 2025, the company had 109,219,994 shares of common stock outstanding, an increase from 108,823,792 shares as of April 30, 2025 [3] RMBS Portfolio Characteristics - Orchid Island Capital focuses on investing in Agency RMBS, including traditional pass-through Agency RMBS and structured Agency RMBS [4] - The RMBS portfolio as of April 30, 2025, includes various fixed-rate mortgage-backed securities with a total face value of $6,205,247 thousand and a fair value of $6,173,059 thousand, representing 99.75% of the portfolio [6][11] - The portfolio is primarily composed of assets from Fannie Mae (61.1%) and Freddie Mac (38.9%) [11] RMBS Valuation Characteristics - The weighted average coupon rate for the RMBS portfolio is 5.40%, with a weighted average maturity of 22 months [6] - The portfolio's sensitivity to interest rate changes is modeled, indicating potential impacts on net income based on shifts in interest rates [6] Borrowings and Counterparty Exposure - As of April 30, 2025, total borrowings amounted to $5,816,599 thousand, with the average debt rate at 4.47% [14] - The company has significant exposure to various counterparties, with J.P. Morgan Securities LLC being the largest at $358,603 thousand [14]