Orchid Island Capital Increases Share Buyback Authorization

Dow Jones06-23

By Stephen Nakrosis

Orchid Island Capital said its board approved an increase to the existing share repurchase plan, adding 25 million shares to its authorization.

The increase raises the authorization to a total of up to 26.6 million shares, about 13.3% of the company's currently outstanding shares, Orchard Island added.

Orchid Island said its estimated current book value per share is about $7.24 to $7.28 per share as of June 18.

The specialty finance company has a market capitalization of $1.34 billion, 200.7 million shares outstanding, and a public float of 200.3 million shares.

The stock ended the day's regular session with a 1.19% loss, closing at $6.62.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 22, 2026 17:07 ET (21:07 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BBT3K403.USD","symbol_name":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2645008314","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645008314","pubTimestamp":1782162420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Orchid Island Capital said its board approved an increase to the existing share repurchase plan, adding 25 million shares to its authorization.The increase raises the authorization to a total of up to 26.6 million shares, about 13.3% of the company's currently outstanding shares, Orchard Island added.Orchid Island said its estimated current book value per share is about $7.24 to $7.28 per share as of June 18.The specialty finance company has a market capitalization of $1.34 billion, 200.7 million shares outstanding, and a public float of 200.3 million shares.The stock ended the day's regular session with a 1.19% loss, closing at $6.62.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","ORC":"Orchid Island Capital Inc.","BK4110":"抵押房地产投资信托","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus"},"translate_title":"兰屿资本增加股票回购授权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORC":1.5},"content_text":"By Stephen Nakrosis \n\n\n \n\n\nOrchid Island Capital said its board approved an increase to the existing share repurchase plan, adding 25 million shares to its authorization. \n\n\n  The increase raises the authorization to a total of up to 26.6 million shares, about 13.3% of the company's currently outstanding shares, Orchard Island added. \n\n\n  Orchid Island said its estimated current book value per share is about $7.24 to $7.28 per share as of June 18. \n\n\n  The specialty finance company has a market capitalization of $1.34 billion, 200.7 million shares outstanding, and a public float of 200.3 million shares. \n\n\n  The stock ended the day's regular session with a 1.19% loss, closing at $6.62. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 22, 2026 17:07 ET (21:07 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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