Orchid Island Capital announced its board has approved an increase to its stock repurchase program, adding up to 25 million shares for a total authorization of 26,612,580 shares, or about 13.3% of outstanding common stock. The company also estimated its book value per share at $7.24 to $7.28 as of June 18, 2026, reflecting a 2.3% to 2.8% rise since March 31, 2026. Repurchases may be made in open market or private transactions, with timing and amounts subject to market conditions and other factors, and the program has no expiration date.
Orchid Island Capital Inc.Company increased stock buyback authorization by 25 million shares and reported rising book value per share.