Orchid Island Capital reports preliminary book value of $11.21 per share
On October 12, Orchid Island Capital announced its preliminary book value of $11.21 per share as of September 30, 2016 and certain details of its RMBS portfolio as of September 30, 2016. These figures and the estimated book value per share are preliminary, subject to change, and subject to audit by the Company's independent registered public accounting firm.The Company's estimated total return on equity for the quarter ended September 30 was 7.1%, or 28.4% on an annualized basis. The Company calculates total return on equity as the sum of dividends declared and paid during the quarter plus changes in book value during the quarter, divided by the Company's stockholders' equity at the beginning of the quarter. The total return was $0.77 per share, comprised of dividends per share of $0.42 and an increase in book value per share of $0.35 from June 30.