earnings
confidence high
sentiment neutral
materiality 0.50
Orchid Island Capital reports estimated Q3 2024 book value $8.40, net income $0.24/share, declares $0.12 dividend
Orchid Island Capital, Inc.
- Estimated book value $8.40 as of Sep 30, 2024; total stockholders' equity ~$656.0M.
- Estimated GAAP net income $0.24 per share for Q3, including $0.29 per share in net realized/unrealized gains on RMBS and derivatives.
- Declared $0.12 per share monthly dividend for October, payable Nov 27 to holders of record Oct 31, ex-div Oct 31.
- Estimated total return on equity of 2.1% for the quarter; dividends declared totaled $0.36 per share.
- Shares outstanding: 78,082,645 as of Sep 30; 78,414,645 as of Oct 16.