other material
confidence high
sentiment neutral
materiality 0.85
Orchid Island Capital announces $250M ATM equity program, $0.12 dividend, board election
Orchid Island Capital, Inc.
- Entered $250M at-the-market equity distribution agreement with J.P. Morgan, Citizens JMP, JonesTrading; agents get up to 2% commission.
- Declared June 2024 dividend of $0.12/share, payable July 30 to holders of record June 28.
- Share count rose to 62.8M as of June 11 from 52.8M at March 31, reflecting prior ATM issuances.
- All six director nominees elected; BDO USA ratified as auditor; advisory say-on-pay approved.
- Disclosed RMBS portfolio characteristics as of May 31, 2024 (preliminary figures).