Orchid Island Capital Announces March 2025 Monthly Dividend and February 28, 2025 RMBS Portfolio Characteristics

About this update from Orchid Island Capital, Inc.

[{"type":"image","alt":"Orchid Island Capital, Inc.","displaySize":"","headline":null,"caption":"Orchid Island Capital, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":298,"height":45,"url":"https://media.zenfs.com/en/globenewswire.com/39645f6ed547ec8559781e1694f38c0f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1ENjgTpTlpcpUIYYZdx5mQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYzO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/39645f6ed547ec8559781e1694f38c0f","width":298,"height":45}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"March 2025 Monthly Dividend of $0.12 Per Share of Common Stock","length":62,"tagName":"p"}]},{"val":[{"type":"text","content":"RMBS Portfolio Characteristics as of February 28, 2025","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Next Dividend Announcement Expected April 9, 2025","length":49,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":165,"olType":false},{"type":"text","content":"VERO BEACH, Fla., March 19, 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 March 2025. The dividend of $0.12 per share will be paid April 29, 2025 to holders of record of the Company’s common stock on March 31, 2025, with an ex-dividend date of March 31, 2025. The Company plans on announcing its next common stock dividend on April 9, 2025.","length":494,"tagName":"p"},{"type":"text","content":"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.","length":735,"tagName":"p"},{"type":"text","content":"As of March 19, 2025, the Company ha...

More updates from Orchid Island Capital, Inc.