Orchid Island Capital, Inc. Declares Monthly Cash Dividend for the Month of January 2018, Payable on February 9, 2018; Provides Earnings Outlook for Fourth Quarter and Year Ended December 31, 2017
January 11, 2018 at 11:08 am
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Orchid Island Capital, Inc. announced that the Board of Directors of the company declared a dividend for the month of January 2018 of $0.11 per share to be paid on February 9, 2018 to holders of record on January 31, 2018, with an ex-dividend date of January 30, 2018.
The company provided earnings outlook for fourth quarter and year ended December 31, 2017. For the quarter, the company expects GAAP net loss of $0.12 per share, including an estimated $0.58 per share of realized and unrealized losses on RMBS and derivative instruments. Return on equity (not annualized) expects negative at 0.2%. Return on equity (annualized) expects negative at 0.9%.
For the year, the company expects GAAP net income of $0.04 per share, including an estimated $1.98 per share of realized and unrealized losses on RMBS and derivative instruments. Book value per share estimates as on December 31, 2017 of $8.71. Return on equity (not annualized) expects at 2.9%. Return on equity (annualized) expects at 2.9%.
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities RMBS. The Company's investment portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations (CMOs) issued by the government-sponsored enterprise (GSEs), and structured Agency RMBS, such as interest only securities (IOs), inverse interest only securities and principal only securities (POs), among other types of structured Agency RMBS. The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Company intends to achieve this objective by investing in and strategically allocating capital between pass-through Agency RMBS and structured Agency RMBS. The Company is externally managed by Bimini Advisors, LLC.
Orchid Island Capital, Inc. Declares Monthly Cash Dividend for the Month of January 2018, Payable on February 9, 2018; Provides Earnings Outlook for Fourth Quarter and Year Ended December 31, 2017
ORCHID ISLAND CAPITAL, INC. 
