Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when ORC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsOrchid Island Capital declares $0.10/share May dividend, discloses $11.6B RMBS portfolio
Filed May 13, 2026 · Period ending May 13, 2026 · ~1 min read
Key Changes
-
high
RMBS portfolio totaled $11.58B as of April 30, with 5.55% weighted average coupon and 18-month weighted average maturity; concentrated in 30-year 5.5% (30.9%) and 6.0% (28.2%) securities.
Exhibit 99.1 view on EDGAR → -
high
Leverage at $10.93B in repo borrowings (3.79% weighted average rate, 38-day maturity); $7.93B notional in interest rate hedges; portfolio shows -$45.1M sensitivity to +50bp rate shock.
Exhibit 99.1 view on EDGAR → -
medium
Board declared $0.10/share May 2026 dividend payable June 29 to shareholders of record May 29; next dividend announcement scheduled for June 9.
Item 8.01 verify on EDGAR → -
medium
Outstanding shares increased 2% from 196.7M (March 31) to 200.7M (April 30), representing 4M shares of dilution likely from equity issuance.
Exhibit 99.1 view on EDGAR → -
medium
Portfolio split 52.2% Fannie Mae, 47.8% Freddie Mac; 94.8% whole pool assets maintain Investment Company Act exemption compliance.
Exhibit 99.1 view on EDGAR →
Summary
Orchid Island Capital disclosed its April 30, 2026 RMBS portfolio positioning alongside a routine $0.10 per share monthly dividend for May. The mortgage REIT held $11.58 billion in agency RMBS assets, heavily concentrated in 30-year 5.5% and 6.0% coupon securities that together represent 59% of the portfolio. The company maintains 9.5x leverage through $10.93 billion in short-term repo borrowings at a 3.79% weighted average cost, hedged with $7.93 billion notional in swaps, futures, and TBA shorts.
The 4 million share increase from March 31 to April 30 (2% dilution) suggests the company issued equity to fund portfolio growth or maintain capital ratios. The portfolio's modeled -$45.1 million sensitivity to a 50 basis point rate increase highlights the interest rate risk inherent in the levered RMBS strategy, partially offset by the hedge book. The $0.10 monthly dividend continues the company's income distribution to shareholders from net interest margin on its agency mortgage portfolio.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Orchid Island Capital declared a $0.10/share May 2026 dividend payable June 29 and disclosed April 30 RMBS portfolio details.
Added in current filing · verify on EDGAR →
the Board of Directors of the Company declared a dividend for the month of May 2026 of $0.10 per share of the Company’s common stock, to be paid on June 29, 2026, to holders of record on May 29, 2026, with an ex-dividend date of May 29, 2026.
The Board declared a $0.10 per share dividend for May 2026, payable June 29 to shareholders of record as of May 29. This is a routine monthly distribution for the mortgage REIT, providing income to shareholders from its RMBS portfolio operations.
Added in current filing · verify on EDGAR →
the Company announced certain details of its RMBS portfolio as of April 30, 2026, as well as certain other information regarding the Company.
The company disclosed details of its residential mortgage-backed securities portfolio as of April 30, 2026, along with other operational information. The specific portfolio metrics are contained in the attached press release (Exhibit 99.1), which provides transparency into the company's asset composition and positioning.
Event · Exhibit 99.1
Orchid Island Capital declared a $0.10/share May 2026 dividend and disclosed April 30, 2026 RMBS portfolio characteristics.
Added in current filing · view on EDGAR →
Total Mortgage Assets | $ 11,477,054 | $ 11,577,434 | 100.00 % | 5.55 % | 6.49 % | 18 | 333 | 12.7 % | 14.8 % | $ 157,140 | $ (198,126 )
The company held $11.58 billion in RMBS assets as of April 30, 2026, with a weighted average coupon of 5.55% and weighted average maturity of 18 months. The portfolio is 99.89% traditional pass-through RMBS and 0.11% structured RMBS. The largest concentrations are in 30-year 5.5% (30.90% of portfolio) and 30-year 6.0% (28.15% of portfolio) securities.
Added in current filing · view on EDGAR →
Total Borrowings | $ 10,927,077 | 100.0 % | 3.79 % | 38 | 11/13/2026
The company had $10.93 billion in repurchase agreement borrowings as of April 30, 2026, at a weighted average rate of 3.79% and weighted average maturity of 38 days. The company also held $7.93 billion notional in hedges (swaps, futures, TBA shorts) to manage interest rate risk. The portfolio shows modeled interest rate sensitivity of -$159 thousand for a -50 basis point shock and -$45.1 million for a +50 basis point shock.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 16, 2026 · How we verify