ARMOUR Residential REIT announced a $0.24 cash dividend for December 2024, payable on December 30, 2024.
Quiver AI Summary
ARMOUR Residential REIT, Inc. announced a cash dividend of $0.24 per share for its Common Stock for December 2024, with a record date of December 16, 2024, and a payment date of December 30, 2024. As a real estate investment trust (REIT), ARMOUR is required to distribute most of its taxable income to maintain its tax status. The company’s board will determine actual dividends considering various factors such as operational results and market conditions. ARMOUR primarily invests in residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored entities. The press release includes cautionary forward-looking statements regarding potential risks and uncertainties that may affect future results. Additional information can be found on the SEC’s website or ARMOUR's corporate site.
Potential Positives
- The announcement of a cash dividend of $0.24 for December 2024 may signal financial stability and profitability, positively reflecting the company's financial health to investors.
- The scheduled payment of dividends on December 30, 2024, reinforces the company’s commitment to returning value to its shareholders, which can strengthen investor confidence.
- ARMOUR's compliance with REIT regulations by timely distributing its income may enhance its reputation and attractiveness to investors focused on real estate investment trusts.
Potential Negatives
- The announcement of the cash dividend may suggest a constrained financial position if the dividend is lower than expected or historically given, potentially impacting investor confidence.
- The statement regarding the need to maintain tax status as a REIT and the requirement to distribute substantially all ordinary taxable income may indicate lack of financial flexibility, as the company must prioritize dividend payments over reinvestment.
- The inclusion of extensive forward-looking statements accompanied by warnings about risks and uncertainties could lead to skepticism among investors regarding the company's future performance and stability.
FAQ
What is the December 2024 dividend for ARMOUR Residential REIT?
The December 2024 cash dividend for ARMOUR Residential REIT is $0.24 per share.
When is the record date for the December 2024 dividend?
The record date for the December 2024 dividend is December 16, 2024.
When will the December 2024 dividend be paid?
The payment date for the December 2024 dividend is December 30, 2024.
How does ARMOUR maintain its REIT tax status?
ARMOUR maintains its REIT tax status by distributing substantially all of its ordinary REIT taxable income.
Where can I find more information about ARMOUR Residential REIT?
More information about ARMOUR Residential REIT can be found on the SEC website or ARMOUR’s 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 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ARR stock by insiders over the last 6 months:
- ROBERT C HAIN purchased 2,500 shares.
- DANIEL C STATON (Chairman of the Board) has traded it 2 times. They made 2 purchases, buying 10,000 shares and 0 sales.
- DESMOND MACAULEY (Co-Chief Investment Officer) purchased 1,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ARR Hedge Fund Activity
We have seen 94 institutional investors add shares of $ARR stock to their portfolio, and 67 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
- BALYASNY ASSET MANAGEMENT L.P. removed 183,195 shares (-100.0%) from their portfolio in Q2 2024
- VANGUARD GROUP INC removed 149,819 shares (-2.8%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 142,802 shares (+52.3%) to their portfolio in Q3 2024
- JANE STREET GROUP, LLC added 118,514 shares (+226.2%) to their portfolio in Q3 2024
- NORGES BANK removed 107,354 shares (-59.2%) from their portfolio in Q2 2024
- BLACKROCK, INC. removed 96,214 shares (-1.1%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
VERO BEACH, Florida, Nov. 27, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the December 2024 cash dividend for the Company's Common Stock.
December 2024 Common Stock Dividend Information
| Month | Dividend | Holder of Record Date | Payment Date | |||
| December 2024 | $0.24 | December 16, 2024 | December 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 M. Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
