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Orchid Island Capital Announces May 2021 Monthly Dividend and April 30, 2021 RMBS Portfolio Characteristics digitalmedianet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitalmedianet.com Daily Mail and Mail on Sunday newspapers.
Orchid Island Capital Announces First Quarter 2021 Results
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Staff
4 mins ago
VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (NYSE:ORC) (“Orchid” or the “Company”), a real estate investment trust (“REIT”), today announced results of operations for the three month period ended March 31, 2021.
First Quarter 2021 Highlights
Net interest income of $24.9 million, or $0.29 per common share
Total expenses of $3.5 million, or $0.04 per common share
Net realized and unrealized losses of $50.8 million, or $0.60 per common share, on RMBS and derivative instruments, including net interest expense on interest rate swaps
First quarter total dividends declared and paid of $0.195 per common share
Book value per common share of $4.94 at March 31, 2021
April 2021 Monthly Dividend of $0.065 Per Share
Estimated Book Value Per Share as of March 31, 2021 of $4.94
Estimated GAAP net loss of $0.34 per share for the quarter ended March 31, 2021, including an estimated $0.60 per share of net realized and unrealized losses on RMBS and derivative instruments
Estimated (6.0)% total return on equity for the quarter
Estimated book value, net loss and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm
RMBS Portfolio Characteristics as of March 31, 2021
Next Dividend Announcement Expected May 12, 2021
VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) announced today that the Board of Directors (the “Board”) declared a monthly cash dividend for the month of April 2021. The dividend of $0.065 per share will be paid May 26, 2021 to holders of record on April 30, 2021, with an ex-dividend date