Orchid Island Capital 8K Announces May 2022 Monthly Dividend of $0.045 Per Share of Common Stock

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM

8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

May 11, 2022

Orchid Island Capital, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland

001-35236

27-3269228

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3305 Flamingo Drive

Vero Beach

Florida

32963

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number,

including area code

(

772

)

231-1400

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions:

☐

Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a

-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b)

under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange

Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading symbol:

Name of each exchange

on which registered:

Common Stock, par value $0.01 per share

ORC

NYSE

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of

1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company,

indicate by check mark if the registrant has elected not to use the extended transition period

for complying with any new or revised financial accounting standards provided

pursuant to Section 13(a) of the Exchange

Act.

☐

Item 8.01.

Other Events.

On May 11, 2022, Orchid

Island Capital, Inc. (the

“Company”) announced that the

Board of Directors

of the Company

declared

a dividend

for the

month of

May 2022

of $0.045

per share

of the

Company’s

common stock

to be

paid on

June 28,

2022 to

holders of

record on

May 31, 2022

with an

ex-dividend date

of May

27, 2022.

In addition,

the Company

announced certain

details of its RMBS

portfolio as of April

30, 2022 as well as

certain other information

regarding the Company.

A copy of the

Company’s

press

release

announcing

the

dividend

and

the

other

information

regarding

the

Company

attached

hereto

Exhibit 99.1 and incorporated herein by this reference.

Caution About Forward-Looking Statements.

This Current Report on Form 8-K contains forward-looking statements within

the meaning of the Private Securities Litigation

Reform

Act

1995

and

other

federal

securities

laws,

including,

but

not

limited

to,

statements

about

the

Company’s

distributions and the

expected funding of

purchased assets. These

forward-looking statements are

based upon the

Company’s

present expectations, but the Company cannot assure investors that actual results will not vary from

the expectations contained

the

forward-looking

statements.

Investors

should

not

place undue

reliance

upon

forward

looking

statements.

For

further

discussion of the factors that could affect outcomes, please refer to

the “Risk Factors” section of the Company's

Annual Report

on Form 10-K for the fiscal year ended December 31,

2021. All forward-looking statements speak only as of the date

on which

they are made. New risks and uncertainties arise over time, and

it is not possible to predict those events or

how they may affect

the Company. Except as required by law, the Company is

not obligated to, and

does not intend to,

update or revise any

forward-

looking statements, whether as a result of new information, future events or otherwise.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.

Description

99.1

Press Release dated May 11, 2022

104

Cover Page Interactive Data File (embedded within the Inline XBRL

document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report

to be signed on

its behalf by the undersigned hereunto duly authorized.

Date: May 11, 2022

ORCHID ISLAND CAPITAL,

INC.

By:

/s/ Robert E. Cauley

Robert E. Cauley

Chairman and Chief Executive Officer

Orchid Island Capital (ORC) 8-KOrchid Island Capital Announces May 2022 Monthly Dividend of $0.045 Per Share of Common Stock