Armour Residential REIT, Inc. has announced guidance on the January 2025 cash dividend for the company's common stock, setting it at $0.24 per common share. This dividend is scheduled to be paid on January 30, 2025, to shareholders of record as of January 15, 2025.
This dividend rate represents a change from the previous period. The specifics of this change are not provided in the press release, but it is clear that the company has made an adjustment to the dividend rate for the upcoming period.
Armour Residential REIT, Inc. is a real estate investment trust (REIT) and has elected to be taxed as such for U.S. federal income tax purposes. As a REIT, the company is required to timely distribute substantially all of its ordinary REIT taxable income in order to maintain its tax status.
The company 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.
It's important to note that the actual dividends are determined at the discretion of the company’s board of directors, taking into consideration various 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.
Following these announcements, the company's shares moved -0.1%, and are now trading at a price of $18.67. Check out the company's full 8-K submission here.
