$ORC

Orchid Island Capital (ORC) cut its dividend to $1.20 annually, citing portfolio earnings and hedging risks. ARMOUR Residential REIT (ARR) maintained its $0.24 monthly dividend, with CEO Scott Ulm emphasizing stability. AGNC Investment (AGNC) has paid 12 cents per share for 75 consecutive months. All three companies offer high-yield dividends, but tax implications vary significantly between Roth and taxable accounts.

Mortgage REITs face challenges with high yields but declining book values. AGNC (AGNC) reported Q2 2026 distributable EPS of $0.40, with a $0.36 quarterly dividend. Orchid Island (ORC) reduced its dividend, and ARMOUR (ARR) is at breakeven. Invesco (IVR) missed earnings estimates, while New York Mortgage (NYMT) raised its dividend despite losses. Granite Point (GPMT) reported negative distributable earnings and a book value decline.

Dynex (DX) leads with a raised dividend and 96% 10-year gain, ARMOUR (ARR) offers steady monthly payments, and Orchid Island (ORC) has the highest yield but a history of cuts. All three are mortgage REITs using leverage on government-backed bonds to generate high monthly yields, but face volatility risks.

Dynex (DX) leads three mortgage REITs with a raised dividend and 96% 10-year gain, while ARMOUR (ARR) offers steady $0.24 monthly payments. Orchid Island (ORC) has the highest yield but a history of dividend cuts. All use leverage on government-backed bonds for high yields, but face volatility risks. Dynex reported Q2 earnings beat, ARMOUR reaffirmed dividend, and Orchid showed book value recovery.

Ghana’s Cyber Security Authority (CSA) fined the Office of the Registrar of Companies (ORC) GH¢240,000 for engaging Purpleline Solutions Limited, which the CSA said lacked the required cybersecurity licence. CSA cited ORC non-compliance with the Cybersecurity Act and ordered compliance within one month. CSA also fined Purpleline Solutions GH¢120,000 for unlicensed services.

Orion Properties (a REIT) reported Q2 2026 EPS of $0.42 versus an expected loss of $0.11, helped by a $28.8M gain from selling two operating properties. Revenue was $34.3M, slightly below the $34.74M forecast. Core FFO was $0.20/share. The company raised 2026 Core FFO guidance to $0.72-$0.77 and cut leverage outlook; shares rose about 16% after hours.

Orchid Island Capital, Inc. (ORC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_951318.htm EXHIBIT 99.1 ex_951318.htm Exhibit 99.1 ORCHID ISLAND CAPITAL ANNOUNCES Second QUARTER 2026 RESULTS VERO BEACH, Fla. ( July 23, 2026 ) – Orchid Island Capital, Inc. (NYSE: ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today ann

Orchid Island Capital, Inc. (NYSE: ORC) reported estimated Q2 2026 results and RMBS portfolio characteristics as of June 30, 2026. Estimated book value per share was $7.22, with preliminary total stockholders’ equity about $1.4B. Estimated GAAP net income was $0.44 per share, including $0.18 from RMBS and derivatives, and total return on equity was 6.2%.

Orchid Island Capital, Inc. (ORC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_987412.htm EXHIBIT 99.1 ex_987412.htm Exhibit 99.1 ORCHID ISLAND CAPITAL ANNOUNCES ESTIMATED SECOND QUARTER 2026 RESULTS AND JUNE 30, 2026 RMBS PORTFOLIO CHARACTERISTICS ● Estimated Book Value Per Share as of June 30, 2026 of $ 7.22 ● Estimated GAAP net income of $ 0

The article argues that five mortgage REITs with 10%+ dividend yields face elevated dividend risk. It cites dividend cuts or weak coverage for MFA, DX, ARR, ABR, and ORC, including distributable earnings below dividends, falling book value, and high leverage. It also notes negative total economic returns for all five in Q1 2026.