Orchid Island Capital Inc's Comment on Sales, Marketing and Customers
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (RMBS) guaranteed by the Government-Sponsored Enterprises (GSEs) or the Government National Mortgage Association (Ginnie Mae). Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations (CMOs) issued by the GSEs, as well as structured Agency RMBS, including interest-only securities (IOs), inverse interest-only securities (IIOs), and principal-only securities (POs). These RMBS are primarily backed by single-family residential mortgage loans. Orchid Island Capital focuses on the market for Agency RMBS investments secured by single-family residential mortgages. The company is associated with entities including Bimini Advisors and Bimini Capital Management, Inc.
VERO BEACH, Fla. - Orchid Island Capital, Inc. (NYSE: ORC) announced its latest financial updates regarding the declaration of a monthly cash dividend for the month of December 2023. The company, a real estate investment trust (REIT), reported that the Board of Directors has approved a dividend of $0.12 per share. Shareholders of record as of December 29, 2023, will be eligible for the payout, which is scheduled to be distributed on January 29, 2024. The ex-dividend date has been set as December 28, 2023. Orchid Island Capital primarily invests in residential mortgage-backed securities (RMBS). As of November 30, 2023, the company has shared key portfolio characteristics. Along with the dividend anno...
Orchid Island Capital Inc’s Comment on Sales, Marketing and Customers
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (RMBS) guaranteed by the Government-Sponsored Enterprises (GSEs) or the Government National Mortgage Association (Ginnie Mae). Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations (CMOs) issued by the GSEs, as well as structured Agency RMBS, including interest-only securities (IOs), inverse interest-only securities (IIOs), and principal-only securities (POs). These RMBS are primarily backed by single-family residential mortgage loans. Orchid Island Capital focuses on the market for Agency RMBS investments secured by single-family residential mortgages. The company is associated with entities including Bimini Advisors and Bimini Capital Management, Inc.
Sources:
Orchid Island Capital Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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