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Orchid Island Capital Q1 2024 Earnings Report

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$7.92 -0.07 (-0.88%)
(As of 02:47 PM ET)

Orchid Island Capital Earnings Headlines

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Assessing Orchid Island's Preliminary Results For Q3 2024
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About Orchid Island Capital

Orchid Island Capital (NYSE:ORC), a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its stockholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.

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