SmarterDividends
ORC

Orchid Island Capital, Inc.

ORC

Real Estate · REIT - Mortgage · Stock · monthly payer

$5.04

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Forward Yield

23.81%

Annual Dividend

$1.20

Payout Ratio

84%

5-Yr Growth

-18.3%

Ex-Date

Oct 30, 2026

Frequency

Monthly

Key facts about ORC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Orchid Island Capital, Inc. (ORC) has a forward dividend yield of 23.81%, based on an annual dividend of $1.20 per share and a share price of $5.04.
  • As of Oct 27, 2026, ORC's dividend safety grade from SmarterDividends is D (42 out of 100), which rates the dividend as unsafe.
  • ORC last cut its regular dividend in 2024.
  • ORC's next ex-dividend date is Oct 30, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, ORC pays out 84% of its trailing 12-month earnings as dividends (its payout ratio).
  • ORC's dividend has shrunk at an average rate of 18.3% a year over the past five years.
  • As of Oct 27, 2026, ORC's 23.81% yield is 34% above its five-year average yield of 17.77%.
  • Orchid Island Capital, Inc. (ORC) pays its dividend monthly, 12 times a year.
  • Orchid Island Capital, Inc. (ORC) has raised its regular dividend 3 times and cut it 10 times across the 163 payments on record since 2013. Its most recent change was a 16.7% cut to $0.100 per share, going ex-dividend on Apr 30, 2026.
Cite this page

SmarterDividends, "ORC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/ORC

Summary

As of Oct 27, 2026, Orchid Island Capital, Inc. (ORC) yields 23.81% ($1.20 a year per share) and has a dividend safety grade of D (42/100).

Is ORC a good dividend stock?

Mixed

Orchid Island Capital, Inc. (ORC) pays a monthly dividend yielding 23.81% ($1.20/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2024
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    23.81%
    Payout Ratio
    84%
    Annual Dividend
    $1.20
    5-Yr Avg Growth
    -18.3%
    Ex-Dividend Date
    Oct 30, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    1.60
    Market Cap
    $972.7M
    P/E Ratio
    25.2
    5-Yr Total Return
    -78%
    52-Week Range
    $4.75 – $8.40
    Dividend Safety
    D · 42/100
    Ever Cut?
    Yes (2024)

    ORC dividend raises and cuts

    Orchid Island Capital, Inc. (ORC) has raised its regular dividend 3 times and cut it 10 times across the 163 payments on record since 2013. Its most recent change was a 16.7% cut to $0.100 per share, going ex-dividend on Apr 30, 2026.

    Ex-dateChangeOld → newMove
    Apr 30, 2026Cut$0.120 → $0.100−16.7%
    Oct 30, 2023Cut$0.160 → $0.120−25.0%
    Aug 30, 2022Cut$0.225 → $0.160−28.9%
    Mar 30, 2022Cut$0.275 → $0.225−18.2%
    Jan 28, 2022Cut$0.325 → $0.275−15.4%
    Aug 28, 2020Raise$0.300 → $0.325+8.3%
    Jul 30, 2020Raise$0.275 → $0.300+9.1%
    Apr 29, 2020Cut$0.400 → $0.275−31.3%
    Aug 30, 2018Cut$0.450 → $0.400−11.1%
    Mar 28, 2018Cut$0.550 → $0.450−18.2%
    Jan 30, 2018Cut$0.700 → $0.550−21.4%
    Jul 23, 2015Cut$0.900 → $0.700−22.2%
    Show all 13 changes since 2013
    Ex-dateChangeOld → newMove
    Dec 23, 2013Raise$0.675 → $0.900+33.3%
    Every ORC payment →Download every raise and cut (CSV)
    ORC ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →ORC dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is ORC a good dividend stock?

    Mixed. Orchid Island Capital, Inc. (ORC) pays a monthly dividend yielding 23.81% ($1.20/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is ORC's dividend safe?

    ORC has a dividend-safety grade of D (42/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

    Is ORC a buy, hold, or sell?

    We don't issue formal ratings, but on the data ORC screens as "mixed". Orchid Island Capital, Inc. (ORC) pays a monthly dividend yielding 23.81% ($1.20/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will ORC cut its dividend?

    ORC earns a dividend-safety grade of D (42/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does ORC pay a dividend?

    Yes. Orchid Island Capital, Inc. pays a monthly dividend of about $1.20 per share annually, a forward yield of roughly 23.81%.

    What is ORC's dividend yield?

    As of Oct 27, 2026, ORC's forward dividend yield is 23.81%, based on a $1.20 annual dividend and a $5.04 share price.

    What is ORC's dividend per share?

    As of Oct 27, 2026, ORC pays $1.20 per share per year, distributed on a monthly basis.

    What is ORC's dividend payout ratio?

    As of Oct 27, 2026, ORC's payout ratio is 84% of trailing 12-month earnings — a moderate level that's generally sustainable.

    How many years has ORC grown its dividend?

    ORC does not currently have a long dividend-growth streak on record.

    When is the next ORC ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for ORC is Oct 30, 2026.

    Income Calculator

    At $1.20 / yr per share

    Per payment (monthly)$10.00
    Annual$120.00
    Monthly avg$10.00

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