ARMOUR Residential REIT, Inc. Confirms January 2025 Common Share and Series C Preferred Share Dividends

Rhea-AI Summary

ARMOUR Residential REIT (NYSE: ARR) has confirmed its dividend distributions for January 2025. Common stockholders will receive a cash dividend of $0.24 per share, payable on January 30, 2025, to holders of record as of January 15, 2025.

The company also announced Q1 2025 monthly dividends for Series C Preferred Stock, with $0.14583 per share to be paid each month. The payment dates are set for January 27, February 27, and March 27, 2025, with respective record dates of January 15, February 15, and March 15, 2025.

As a REIT, ARMOUR must distribute substantially all of its ordinary taxable income to maintain its tax status. The Board of Directors determines actual dividends based on various factors, including operations, cash flows, financial condition, and market conditions.

Positive

• Consistent dividend maintenance at $0.24 for common shares
• Regular quarterly preferred dividend payments maintained at $0.14583 monthly

Negative

• None.

VERO BEACH, Florida, Jan. 02, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today confirmed the January 2025 cash dividend for the Company's Common Stock, consistent with the previous guidance which the Company released on December 26, 2024. The Company also confirmed the Q1 2025 monthly cash dividend rate for the Company's Series C Preferred Stock.

January 2025 Common Stock Dividend Information

Month		Dividend			Holder of Record Date		Payment Date
January 2025		$0.24			January 15, 2025		January 30, 2025

Q1 2025 Series C Preferred Stock Dividend Information

Month		Dividend		Holder of Record Date		Payment Date
January 2025		$0.14583		January 15, 2025		January 27, 2025
February 2025		$0.14583		February 15, 2025		February 27, 2025
March 2025		$0.14583		March 15, 2025		March 27, 2025

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

FAQ

What is ARMOUR Residential REIT's (ARR) January 2025 common stock dividend amount?

ARMOUR Residential REIT's common stock dividend for January 2025 is $0.24 per share, payable on January 30, 2025, to stockholders of record as of January 15, 2025.

What is ARR's Q1 2025 preferred stock dividend schedule?

ARR's Series C Preferred Stock will receive monthly dividends of $0.14583 per share for January, February, and March 2025, with payments on the 27th of each month.

When is the record date for ARR's January 2025 common stock dividend?

The record date for ARR's January 2025 common stock dividend is January 15, 2025.

How much will ARR distribute in preferred dividends during Q1 2025?

ARR will distribute $0.14583 per share monthly in preferred dividends during Q1 2025, totaling $0.43749 per share for the quarter.