earnings
confidence high
sentiment neutral
materiality 0.70
Orchid Island Capital reports Q3 net income $17.3M, book value $8.40, dividend $0.36/share
Orchid Island Capital, Inc.
- Net income of $17.3M ($0.24 per share) vs. net loss of $80.1M in Q3 2023.
- Book value per share $8.40, down $0.18 from Q2; total economic return 2.10%.
- Monthly dividend maintained at $0.12; declared $0.12 payable Nov 27, 2024.
- Liquidity $326.7M (50% of equity); adjusted leverage 8.0x; raised $128.6M via ATM in 2024.
- Interest income yield improved to 5.43% from 5.05% QoQ; borrowing cost 5.62%.