ARMOUR Residential REIT announced a $0.24 dividend for February 2025, payable on February 27, 2025.
Quiver AI Summary
ARMOUR Residential REIT, Inc. has announced a cash dividend of $0.24 per share for its Common Stock, which will be paid on February 27, 2025, to shareholders of record as of February 14, 2025. As a real estate investment trust (REIT), ARMOUR is required to distribute most of its taxable income to maintain its tax status, meaning dividends exceeding its current taxable earnings may not be taxable to shareholders. The declaration of dividends is at the discretion of the board of directors, who consider various factors, including financial performance and market conditions. ARMOUR primarily invests in residential mortgage-backed securities and is externally managed by ARMOUR Capital Management LP. The press release also includes cautions regarding forward-looking statements and directs interested parties to the company's website and SEC for further information.
Potential Positives
- ARMOUR Residential REIT has announced a cash dividend of $0.24 per share for February 2025, reflecting its commitment to returning value to shareholders.
- The scheduled payment date of the dividend is February 27, 2025, which provides shareholders with a clear timeline for expected returns.
- By electing to be taxed as a REIT, ARMOUR is obligated to distribute substantially all of its ordinary taxable income, which may enhance investor confidence in the company’s financial health and sustainability of dividends.
Potential Negatives
- The announcement of a cash dividend may signal limited growth prospects, as the company is required to distribute substantially all taxable income to maintain its REIT status, potentially constraining reinvestment opportunities.
- The forward-looking statements disclaimer highlights the inherent risks and uncertainties surrounding the company's future performance, suggesting potential volatility and unpredictability in financial results.
- The necessity for the company's board to consider various factors before determining dividends could indicate financial pressures or operational challenges that must be managed carefully.
FAQ
What is the February 2025 cash dividend amount for ARMOUR Residential REIT?
The cash dividend for February 2025 is $0.24 per share for ARMOUR Residential REIT's Common Stock.
When is the payment date for the February 2025 dividend?
The payment date for the February 2025 dividend is February 27, 2025.
What is required for ARMOUR to maintain its REIT tax status?
ARMOUR must timely distribute substantially all of its ordinary REIT taxable income to maintain its REIT tax status.
How are ARMOUR's actual dividends determined?
Dividends are determined at the discretion of ARMOUR's board of directors, considering various financial and market factors.
Where can I find more information about ARMOUR Residential REIT?
Additonal information about ARMOUR can be found on the SEC's website or ARMOUR's official website at www.armourreit.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ARR Insider Trading Activity
$ARR insiders have traded $ARR stock on the open market 5 times in the past 6 months. Of those trades, 3 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ARR stock by insiders over the last 6 months:
- STEWART J PAPERIN sold 24,852 shares for an estimated $466,792
- DANIEL C STATON (Chairman of the Board) has made 2 purchases buying 10,000 shares for an estimated $198,570 and 0 sales.
- ROBERT C HAIN has made 1 purchase buying 2,500 shares for an estimated $47,698 and 1 sale selling 2,500 shares for an estimated $45,177.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ARR Hedge Fund Activity
We have seen 93 institutional investors add shares of $ARR stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 259,260 shares (+246.7%) to their portfolio in Q3 2024, for an estimated $5,288,904
- VANGUARD GROUP INC removed 149,819 shares (-2.8%) from their portfolio in Q3 2024, for an estimated $3,056,307
- GOLDMAN SACHS GROUP INC added 142,802 shares (+52.3%) to their portfolio in Q3 2024, for an estimated $2,913,160
- VAN ECK ASSOCIATES CORP added 120,718 shares (+36.7%) to their portfolio in Q4 2024, for an estimated $2,276,741
- JANE STREET GROUP, LLC added 118,514 shares (+226.2%) to their portfolio in Q3 2024, for an estimated $2,417,685
- BLACKROCK, INC. removed 96,214 shares (-1.1%) from their portfolio in Q3 2024, for an estimated $1,962,765
- BARCLAYS PLC added 93,397 shares (+300.6%) to their portfolio in Q3 2024, for an estimated $1,905,298
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
VERO BEACH, Florida, Jan. 30, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the February 2025 cash dividend for the Company's Common Stock.
February 2025 Common Stock Dividend Information
Month | Dividend | Holder of Record Date | Payment Date | ||||
February 2025 | $0.24 | February 14, 2025 | February 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, 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 M. Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340