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ARMOUR Residential REIT, Inc. Announces December 2024 Dividend Rate Per Common Share
ARRARMOUR Residential REIT(ARR) GlobeNewswire News Room·2024-11-27 21:15

Core Points - ARMOUR Residential REIT, Inc. announced a cash dividend of 0.24forDecember2024,withtherecorddatesetforDecember16,2024,andpaymentdateonDecember30,2024[2]−ThecompanyisrequiredtodistributesubstantiallyallofitsordinaryREITtaxableincometomaintainitstaxstatusasarealestateinvestmenttrust[2]−ARMOURprimarilyinvestsinfixedrate,adjustablerate,andhybridadjustablerateresidentialmortgage−backedsecuritiesissuedorguaranteedbyU.S.Government−sponsoredenterprises[3]DividendInformation−TheDecember2024cashdividendis0.24 for December 2024, with the record date set for December 16, 2024, and payment date on December 30, 2024 [2] - The company is required to distribute substantially all of its ordinary REIT taxable income to maintain its tax status as a real estate investment trust [2] - ARMOUR primarily invests in fixed rate, adjustable rate, and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises [3] Dividend Information - The December 2024 cash dividend is 0.24 per share [2] - Record date for the dividend is December 16, 2024, and payment will be made on December 30, 2024 [2] Tax Matters - ARMOUR has elected to be taxed as a REIT for U.S. Federal income tax purposes, necessitating timely distribution of taxable income [2] - Dividends exceeding current tax earnings and profits are generally not taxable to common stockholders [2] Company Overview - ARMOUR is externally managed and advised by ARMOUR Capital Management LP, which is registered with the SEC [3]