Orchid Island Capital, Inc. (NYSE:ORC) Q2 2023 Earnings Call Transcript

So if there’s if we’re looking at Fed cuts in the next, 6 to 12 months, then under-earning dividend is not as much of a problem for us, versus a time, if it’s going to be, if we think it’s going to be higher for, a long period of time, and we’ll perpetually be under-earning. So I think there’s a little bit of latitude for us in terms of the way that we think about cuts. It doesn’t always have to be, we can pull forward some of the Fed expectations and kind of continue to think that way.

Christopher Nolan: All right. Thanks for the word. That’s it for me.

Robert Cauley: All right, Chris.

Operator: Thank you. [Operator Instructions] And Mr. Cauley, it appears we have no further questions this morning. I’d like to turn the conference back to you, sir, for any closing comments.

Robert Cauley: Thank you, operator, and thank everybody for taking the time to listen in. To the extent another question comes to mind later that you didn’t have a chance to ask today, feel free to call our office, or if you happen to listen to the replay and you have questions, we’ll be glad to take any and all questions. The number of the office is 772-231-1400. I’ll look forward to your questions. And if not, we look forward to talking to you at the end of the next quarter. Thank you, everybody.

Operator: Thank you, Mr. Cauley. Ladies and gentlemen, that will conclude the Orchid Island Capital Second Quarter Earnings Conference. I’d like to thank you all so much for joining us and wish you all a great day. Goodbye.