ORC Dividend Calculator
Project dividend-reinvestment (DRIP) growth, income, and yield on cost for Orchid Island Capital, Inc. (ORC). Pre-filled with ORC’s current yield of about 23.76% (as of Oct 13, 2026) — edit the growth and tax assumptions to fit your plan.
ORC dividend: yield, amount & dates
Snapshot of Orchid Island Capital, Inc. (ORC) dividend data as of Oct 13, 2026. Figures change — verify the current numbers with your broker before investing.
ORC dividend income calculator
Pre-filled with ORC’s current yield of about 23.76%. See the income an amount of Orchid Island Capital, Inc. would pay, or how much you’d need for a target monthly income.
ORC dividend history by year
Measured on today’s ORC shares, by ex-dividend date. Payments before August 2022 are multiplied by 5 for the 1-for-5 reverse split, so older years look much larger than what was paid at the time.
| Year | Dividends per share | Change | Payments |
|---|---|---|---|
| 2026through Sep 30, 2026 | $0.96 | — | 9 |
| 2025 | $1.44 | +0.0% | 12 |
| 2024 | $1.44 | -20.0% | 12 |
| 2023 | $1.80 | -27.3% | 12 |
| 2022 | $2.475 | -36.5% | 12 |
| 2021 | $3.90 | -1.3% | 12 |
| 2020 | $3.95 | -17.7% | 12 |
| 2019 | $4.80 | -10.3% | 12 |
| 2018 | $5.35 | -36.3% | 12 |
| 2017 | $8.40 | +0.0% | 12 |
| 2016 | $8.40 | -12.5% | 12 |
| 2015 | $9.60 | — | 12 |
ORC dividend 2026: cut to $0.10 a month
Orchid Island Capital paid $0.12 a share each month through March 2026. Starting with the April payment, the monthly dividend dropped to $0.10, a cut of about 16.7%. The October 2026 dividend, announced on October 14, is also $0.10.
So far in 2026, nine payments have gone ex-dividend for $0.96 per share: three at $0.12 and six at $0.10.
ORC dividend history: a long decline
On today’s share count, ORC paid $9.60 per share in 2015 and $1.44 in 2025, 85% less. That is an average drop of about 17.3% a year. 2024 and 2025 were flat at $1.44, after cuts of 27.3% in 2023 and 20.0% in 2024.
The table is adjusted for the 1-for-5 reverse split of August 2022, when every five shares became one. As paid at the time, each older payment was one fifth of what the table shows.
Is the ORC dividend safe? Earnings and book value
Orchid is a REIT that buys mortgage bonds backed by U.S. government agencies. One check is net interest income per share. In the first quarter of 2026 it was $0.30, while dividends were $0.36. In the second quarter, after the cut, both were $0.30.
Book value per share is the other check. It was $7.08 on March 31 and $7.22 on June 30, 2026. Orchid then put it at about $6.02 for September 30. It also estimated a loss of about $0.90 a share for the third quarter. These are company numbers, not a forecast.
ORC dividend dates
ORC pays every month. The ex-dividend date falls at the end of a month. The cash comes about four weeks later, near the end of the next month. The September 2026 dividend went ex on September 30 and is paid on October 29.
Orchid said its next dividend announcement was expected on November 10, 2026.
ORC dividend yield
On Oct 13, 2026, ORC’s trailing yield was about 23.76%: $1.20 per share over the past year, with the stock near $5.05. At the current $0.10 a month, or $1.20 a year, the yield at that price is about 23.76%.
A yield this high comes from a low share price next to the payout. It is not a promise of future income.
What 100 ORC shares pay
At $0.10 a month, 100 shares of ORC pay $10 a month, or $120 a year. To collect $1,000 a month you would need 10,000 shares, roughly $50,505 at a price near $5.05.
dividendhistory.org and stockanalysis.com list the same monthly ORC payments; digrin.com agrees on every month since 2015 except one 2022 row it did not adjust for the reverse split. Last checked Oct 16, 2026. Sources: SEC — Orchid Island Capital October 2026 dividend and estimated Q3 results; SEC — Orchid Island Capital second-quarter 2026 results; SEC — Orchid Island Capital 1-for-5 reverse split (Aug 17, 2022); dividendhistory.org — ORC payouts; stockanalysis.com — ORC dividend history. Not financial advice.
Related dividend guides
ORC dividend snapshot
Variable distributionAs of Oct 13, 2026, ORC yields about 23.76%, having distributed $1.20 per share over the trailing twelve months.
Its most recent payment was $0.10 per share, which went ex-dividend on Sep 30, 2026 and paid on Oct 29, 2026.
Because ORC pays a variable monthly distribution, the amount changes every period — its recent payments have ranged from $0.10 to $0.10 per share. Treat the headline yield as a record of what was paid, not a promise of future income.
As a mortgage REIT, ORC pairs an above-average yield with greater sensitivity to interest rates and to changes in book value — so set the price-growth input in the calculator above conservatively rather than assuming the yield compounds untouched.
Based on ORC’s published payment record as of Oct 13, 2026 — a description of what the dividend has done, not a rating or a forecast.
About ORC
Orchid Island Capital is a mortgage REIT that invests on a leveraged basis in agency residential mortgage-backed securities, and pays a very high monthly dividend. Mortgage REITs are highly sensitive to interest rates and MBS spreads, and both the dividend and the share price have historically been cut in adverse rate environments — the high yield carries real risk.
ORC is a mortgage reit from Orchid Island Capital that distributes monthly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for ORC: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for high-yield versus dividend-growth choices, where a lower starting yield that grows quickly can overtake a higher static yield over time.
How to use the ORC calculator
- Replace the pre-filled yield with ORC’s current dividend yield from your broker or the fund’s page.
- Set your initial investment and monthly contribution.
- Estimate the dividend growth rate and price growth rate. For a mortgage reit these can differ a lot — be realistic rather than optimistic.
- Choose your dividend tax rate and whether to reinvest (DRIP), then read the projected value, dividends received, and yield on cost.
The full math, including how the money-weighted return is computed, is on the methodology page.
ORC dividend FAQ
- Does ORC pay monthly dividends?
- Yes. Every year in the table has 12 payments. The current rate is $0.10 a share each month.
- Did ORC cut its dividend?
- Yes, several times. Most recently, the monthly dividend went from $0.12 to $0.10 starting in April 2026. The yearly payout fell from $9.60 in 2015 to $1.44 in 2025, measured on today’s shares.
- Did ORC do a reverse split?
- Yes. A 1-for-5 reverse split took effect in August 2022, so older per-share dividends are multiplied by 5 to compare with today’s shares.
- How does this ORC dividend calculator work?
- It runs a month-by-month projection: each month it adds your contribution, pays a dividend based on the yield, optionally reinvests it (DRIP), then applies price growth. The page loads pre-filled with ORC's current yield (about 23.76% as of Oct 13, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for ORC?
- As of Oct 13, 2026, ORC's dividend yield was about 23.76% ($1.20 per share over the trailing year). Yields move with the share price, so use the current figure from your broker rather than a fixed number. Enter the trailing or forward yield, whichever you prefer to model.
- How often does ORC pay dividends, and when?
- Orchid Island Capital, Inc. pays a monthly (varies) dividend; its most recent payment was $0.10 per share, ex-dividend Sep 30, 2026. This calculator compounds monthly and projects annual totals, so it works the same regardless of the payment schedule — the cadence just affects when cash actually lands in your account.
- Is the ORC projection a guarantee?
- No. It is an educational projection based on the assumptions you enter, held constant. Real dividends can rise, be cut, or stop, and prices fluctuate. Use it to compare scenarios, not to predict returns, and never rely on a single calculator for an investment decision.
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