Armour Residential REIT, Inc. has announced the December 2024 cash dividend for the company's common stock. The dividend for December 2024 is set at $0.24 per share. This dividend is payable to shareholders of record as of December 16, 2024, with the payment date scheduled for December 30, 2024.
The company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. To maintain this tax status, Armour is required to distribute substantially all of its ordinary REIT taxable income. It's important to note that 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, which is a registered investment advisor with the Securities and Exchange Commission (SEC). As a result of these announcements, the company's shares have moved 0.6% on the market, and are now trading at a price of $18.89. For the full picture, make sure to review ARMOUR Residential REIT's 8-K report.
