Orchid Island Capital Declares $0.10 Monthly Dividend for April
Orchid Island Capital, a mortgage REIT, announced a $0.10 per share monthly dividend for April 2026. The company also reported an estimated book value of $7.08 per share as of March 31, 2026.
Orchid Island Capital, Inc. (NYSE: ORC), a mortgage real estate investment trust, declared a monthly cash dividend of $0.10 per share for April 2026. The dividend will be paid May 28, 2026, to shareholders of record on April 30, 2026. Read more dividend announcements.
The Vero Beach, Florida-based REIT maintains a regular monthly distribution schedule to common stockholders. The company plans to announce its next dividend on May 13, 2026.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.10 |
| Record Date | April 30, 2026 |
| Ex-Dividend Date | April 30, 2026 |
| Payment Date | May 28, 2026 |
As of April 15, 2026, Orchid Island had 200,700,226 shares of common stock outstanding, up from 181,985,900 shares at year-end 2025.
First Quarter Financial Snapshot
The company disclosed preliminary first quarter 2026 results alongside the dividend announcement. Estimated book value per share stood at $7.08 as of March 31, 2026, with total stockholders' equity of approximately $1.4 billion.
Orchid Island reported an estimated GAAP net loss of $0.11 per share for the quarter ended March 31, 2026. This figure includes an estimated $0.37 per share in net realized and unrealized losses on residential mortgage-backed securities and derivative instruments.
The company posted an estimated negative 1.3% total return on equity for the first quarter of 2026. These financial figures are preliminary and subject to review by the company's independent registered public accounting firm.
As a REIT, Orchid Island must distribute at least 90% of its taxable income annually to maintain its tax status. The company has not established a minimum distribution payment level.