More likely the dividends will be cut next month.
I sure hope not.
ORC is a scam=Too many issues here to list them all. 1. Orc has at least 4 reits all run out of a house in florida. 2. all have 1 phone #. 3. They are all managed by BMNI. 4. Orc PAYS over $1 Million per month to BMNI for said fees. 5. BMNI is a PINK!!!. was de-listed. 6. BMNI is managed by the same persons running Orc and being PAID by Orc also. so more pay for same job. PONZI scammers.
PONZI here. 1 for 5 rev. sp. $17.80. Now $9. Selling massive amounts. again. to pay BMNI over $1 million per month for mgmnt. paid to insiders at Orc who are same peole who are paid again to manage this declining asset. Designed PONZI scam.
I would like to publicly thank Robert Cauley and team for this years dividends.
Say what you will about their leveraged position or even this years divy cut; the fact remains that ORC pays as promised. That money arrives in our accounts like clockwork. Which....Hey! does anyone know of a unique one handed clock that makes one revolution every 30 days? 'Cause I want to buy one and put it on the wall of my office.
Thanks again for a great year!
No arguments here!
but, but, but ORC pays a nice 18% divvy --- LOL
Sensible div payers still outperform as they have all year. Since October 1, 2022, Dow is up 19%. S&P Div Aristocrats are up 18%. Microcaps and faddish tech still lag. This market loves no-gimmick div payers. It hates stocks like ORC with tons of debt.
here you go ! You going buy ?
Orchid Island Capital (NYSE:ORC) declares $0.16/share monthly dividend, in line with previous.
Forward yield 18.01%
Payable Jan. 27; for shareholders of record Dec. 30; ex-div Dec. 29.
Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of November 2022. The dividend of $0.16 per share will be paid December 28, 2022 to holders of record of the Company’s common stock on November 30, 2022, with an ex-dividend date of November 29, 2022.
Orchid Island Capital (NYSE:ORC) Q3 results were hurt by declining net interest income and losses on its residential mortgage-backed securities and derivatives contracts during the quarter, the company said Thursday. The Federal Reserve aggressively raised rates, which led to widening spreads between agency RMBS securities relative to comparable duration U.S. Treasurys or swaps.
ORC performance updated as of right now:
Perf Year -63.15%
Perf YTD -58.89%
Perf Month -27.05%
ORC: Orchid Island Capital: Bankruptcy Appears Likely As Rate-Shock Worsens
ROFLMAO, nor are those aristocrats picks, they're bleeding like stuffed pigs
Not looking Good ---- ORC
Orchid Island Capital Inc
All I know is ALL of my aristocrats have "tumbled"
find us some divy payers raising divies
ORC is a leveraged gimmicky mREIT. Risks abound. Isn't that clear.
Read the article below
I have and do. So Palm Harbor Capital a foreign Llc and Palm Harbor Capital, and ORC and I don't know how many total but all these Corporate Offices are at 3305 Flamingo Drive Vero Beach. Fl. Add to that exact same phone #. Lady answering, insiders all sell to each other pay each other, advise each other for fees, each get massive millions for cutting the commons out by 80% shrinking the biz 50% in 1 year. While doubling the admin. and selling costs. LOL What a SCAM. Short this to PINK where Bimini already is. The advisor to ORC=LOL=PONZI!
And you can swing ORC for much MORE than the dividend, religiously
That be the meat and potatoes of it.
Down 29%! Pretty dreadful. Even in this weak market most of my blue chips are still raising their payouts.
As I like to say, "Often the best dividend stock isn't a dividend stock."
seems to me that was the reason for the split! already the first day it is in the 12's..
ROFLMAO ORC already announced their divy cut, apparently the author isnt on his game
"Dividend Cuts Could Be Right Around The Corner For These 3 REITs"
"Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%.
However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently been below $3, with a dividend of $0.045 per month or an annual dividend yield of over 18%. The last three quarters have seen negative earnings per share (EPS) and revenue. Clearly, things have not been going well.
But there was breaking news on the company this week — Orchid announced a 1:5 reverse stock split, so the stock opened this morning at $13.60."
Thanks for spotting that. Highly leveraged crap. Investors should definitely read the SA article linked to below.
Wow this doesn't look good ? Orchid Island Capital: Insolvency Risks Grow As Fed Considers MBS Sales
The Federal Reserve's massive ~$2.8T MBS portfolio has not declined at the anticipated pace, meaning the Fed may soon look to sell MBS securities outright.
Orchid Island Capital has significant negative exposure to interest rates, with its sensitivity analysis suggesting a 2% rise in interest rates would cause its book value to fall ~68%.
Orchid Island's business model may be unsustainable as both lower and higher interest rates usually harm its book value, leading to chronic book value losses over the past decade.
If mortgage rates spike higher as the Federal Reserve pursues MBS sales, Orchid Island may face insolvency later this year.
This company is Orchid Island Capital, NOT the company you've listed.
so OOPS! on your part
citing the wrong company is laughable
Holy COW. that's some serious losses right there.
And the more ORC falls, the higher the dividend yield... for awhile. Investors can go broke thinking in those terms.
Still paying well above 10% dividend.
Yeahhhh and they are cutting the divi down to a pre-split .032 instead of the current .045
Rut Row ---- Orchid Island Capital (NYSE:ORC) on Wednesday announced a 1-for-5 reverse stock split, effective at ~5 pm ET on Aug. 30.
Fantastic improvement - loss dropped more than 60% from Q1.
No wonder it continues to rise
And work on those math skills - the annual divi is 54 cents per share and it continues month after month - not bad for a $3 stock.
EDIT: Oh I see you wanted to make it look worse than it is so you decided to only use the 3 months of divi while disregarding the other 9 - Clever as ever.