Orchid Island Capital (ORC) Declares $0.14 Monthly Dividend; 17.5% Yield

Orchid Island Capital (NYSE: ORC) declared a monthly dividend of $0.14 per share, or $1.68 annualized.

The dividend will be payable on January 29, 2016, to stockholders of record on January 26, 2016, with an ex-dividend date of January 22, 2016.

The annual yield on the dividend is 17.5 percent.

Other key highlights:

• Estimated Book Value Per Share at December 31, 2015 of $11.64
• Estimated 3.2% total return on equity for the quarter, or 12.7% annualized
• RMBS Portfolio Characteristics as of December 31, 2015
• 1,216,243 cumulative shares repurchased through stock repurchase program

For a dividend history and other dividend-related data on Orchid Island Capital (ORC) click here.

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