Orchid Island Capital Announces Increase in Stock Repurchase Program Authorization and Estimated Book Value per Share

Orchid Island Capital's Board approved an increase to its stock repurchase program, authorizing up to 26.6 million shares (approximately 13.3% of outstanding shares). The company estimated its book value per share at $7.24-$7.28 as of June 18, 2026, representing a 2.3-2.8% increase since March 31, 2026.