Armour Residential REIT Announces $0.24 Dividend

By Tamara Parker • Friday, August 30 07:56 • Permanent Link

Armour Residential REIT, Inc. has announced the September 2024 cash dividend for the company's common stock. The dividend per common share for September 2024 is $0.24. The holder of record date is September 16, 2024, and the payment date is September 27, 2024.

Armour Residential REIT, Inc. is a real estate investment trust (REIT) for U.S. federal income tax purposes and has elected to be taxed as such. In order to maintain this tax status, the company 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.

Armour Residential REIT, Inc. primarily invests 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. The company is externally managed and advised by Armour Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (SEC). Today the company's shares have moved 0.0% to a price of $20.32. If you want to know more, read the company's complete 8-K report here.

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