ARMOUR Residential REIT, Inc. Announces Guidance for October 2024 Dividend Rate per Common Share

Rhea-AI Summary

ARMOUR Residential REIT, Inc. (NYSE: ARR) has announced guidance for its October 2024 cash dividend for Common Stock. The dividend is set at $0.24 per Common share, with a holder of record date of October 15, 2024, and a payment date of October 30, 2024.

As a Real Estate Investment Trust (REIT), ARMOUR must distribute substantially all of its ordinary REIT taxable income to maintain its tax status. Dividends exceeding current tax earnings and profits are generally not taxable to common stockholders. The Company's board of directors determines actual dividends, considering factors such as operations, cash flows, financial condition, capital requirements, market conditions, and other relevant factors.

Positive

• Announced a dividend of $0.24 per Common share for October 2024
• Maintaining REIT status, which can offer tax advantages to the company and shareholders
• Board of directors has discretion to adjust dividends based on various financial and market factors

Negative

• None.

VERO BEACH, Florida, Sept. 24, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced guidance on the October 2024 cash dividend for the Company's Common Stock of $0.24 per Common share.

October 2024 Common Stock Dividend Information

Month		Dividend			Holder of Record Date		Payment Date
October 2024		$0.24			October 15, 2024		October 30, 2024

Certain Tax Matters
ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board of directors, which may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors.

About ARMOUR Residential REIT, Inc.

ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).

Safe Harbor

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Additional Information and Where to Find It

Investors, security holders and other interested persons may find additional information regarding the Company at the SEC’s internet site at www.sec.gov, or the Company website at www.armourreit.com, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.

Investor Contact:        

Gordon Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340

FAQ

What is the dividend amount for ARMOUR Residential REIT (ARR) in October 2024?

ARMOUR Residential REIT (ARR) has announced a dividend of $0.24 per Common share for October 2024.

When is the payment date for ARR's October 2024 dividend?

The payment date for ARMOUR Residential REIT's (ARR) October 2024 dividend is October 30, 2024.

What is the holder of record date for ARMOUR Residential REIT's (ARR) October 2024 dividend?

The holder of record date for ARMOUR Residential REIT's (ARR) October 2024 dividend is October 15, 2024.

How does ARMOUR Residential REIT (ARR) determine its dividend payments?

ARMOUR Residential REIT's (ARR) board of directors determines dividend payments, considering factors such as operations, cash flows, financial condition, capital requirements, market conditions, and other relevant factors.