Orchid Island Capital, Inc. (ORC)

8.39 +0.04 (+0.48%) At close: 04:00PM EDT

Orchid Island Capital, Inc.

3305 Flamingo Drive
Vero Beach, FL 32963
United States
772 231 1400
https://www.orchidislandcapital.com

Sector(s): Real Estate
Industry: REIT - Mortgage
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Robert E. Cauley C.F.A., CPA	Chairman, President & CEO	N/A	N/A	1958
Mr. George Hunter Haas IV	CFO, Chief Investment Officer, Secretary & Director	N/A	N/A	1976
Mr. Jerry M. Sintes CPA	VP & Treasurer	N/A	N/A	1966

Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its stockholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.

Corporate Governance

Orchid Island Capital, Inc.’s ISS Governance QualityScore as of September 18, 2024 is 5. The pillar scores are Audit: 3; Board: 6; Shareholder Rights: 6; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.