Armour Residential REIT, Inc. has announced a cash dividend for its common stock in December 2024. The dividend rate per common share for December 2024 is $0.24. The holder of record date for this dividend is December 16, 2024, and the payment date is December 30, 2024.
In order to maintain its tax status as a real estate investment trust (REIT) for U.S. federal income tax purposes, 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.
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). The market has reacted to these announcements by moving the company's shares 0.4% to a price of $18.78. Check out the company's full 8-K submission here.
