ARMOUR Residential REIT, Inc. Announces Guidance for October 2024 Dividend Rate per Common Share
25 September 2024 - 6:15AM
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 MattersARMOUR 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 HarperChief Financial OfficerARMOUR Residential REIT,
Inc.(772) 617-4340
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