Armour Residential REIT, Inc. has confirmed the January 2025 cash dividend for the company's common stock at $0.24 per share, which will be payable on January 30, 2025, to shareholders of record on January 15, 2025. This is in line with the previous guidance released on December 26, 2024.
Additionally, the company has also confirmed the Q1 2025 monthly cash dividend rate for the company's Series C preferred stock. The dividend for January 2025 will be $0.14583 per share, payable on January 27, 2025, to shareholders of record on January 15, 2025. The February and March 2025 dividends for the Series C preferred stock will also be $0.14583 per share, payable on February 27, 2025, and March 27, 2025, respectively.
Armour Residential REIT, Inc. has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. As a result, 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). Following these announcements, the company's shares moved 0.8%, and are now trading at a price of $19.11. If you want to know more, read the company's complete 8-K report here.
