ARMOUR Residential REIT Announces Dividend Rate for September 2024
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ARMOUR Residential REIT, Inc. Announces September 2024 Dividend Rate
ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) has announced the cash dividend for the Company’s Common Stock for September 2024. Investors and stakeholders are keenly interested in the details surrounding this dividend announcement.
September 2024 Common Stock Dividend Details
The dividend for September 2024 has been set at $0.24 per share. This payout reinforces ARMOUR's commitment to providing value to its shareholders.
Key Dividend Information
The following key details have been released regarding the September dividend:
- Dividend Amount: $0.24
- Holder of Record Date: September 16, 2024
- Payment Date: September 27, 2024
Tax Considerations for Shareholders
It is important for investors to understand the tax implications associated with dividends. ARMOUR has elected to be taxed as a real estate investment trust ("REIT") for U.S. Federal income tax purposes. To maintain this status, ARMOUR must distribute a substantial portion of its taxable income to its shareholders.
Understanding REIT Tax Status
Under this tax status, dividends that exceed the current tax earnings and profits are generally not taxable to common stockholders. However, actual dividend payments are determined by the company’s board of directors and can be influenced by various factors such as operating results, cash flow, and market conditions.
Company Overview
ARMOUR Residential REIT, Inc. is focused on investing in mortgage-backed securities. The Company primarily deals with fixed rate residential, adjustable rate, and hybrid adjustable rate mortgage-backed securities that are either issued or guaranteed by U.S. government-sponsored enterprises. These investments are vital for the Company’s financial portfolio.
Management and Advisory
ARMOUR is externally managed and advised by ARMOUR Capital Management LP, which is a registered investment advisor with the Securities and Exchange Commission. This management strategy contributes to ARMOUR’s operational efficacy and financial oversight.
Contact Information for Investors
For additional inquiries, investors and stakeholders can reach out to ARMOUR Residential REIT, Inc. at their Vero Beach office. Investors can also connect with the Chief Financial Officer, Gordon M. Harper, for more personalized assistance regarding investor relations.
Contact Details
Gordon M. Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
Frequently Asked Questions
1. What is the dividend rate announced by ARMOUR for September 2024?
The dividend rate for September 2024 is set at $0.24 per share.
2. When is the holder of record date for the September dividend?
The holder of record date is September 16, 2024.
3. When will the dividend payment be made?
The dividend payment date is September 27, 2024.
4. What does it mean for ARMOUR to be taxed as a REIT?
Being taxed as a REIT requires ARMOUR to distribute significantly all of its ordinary taxable income to maintain this status.
5. How can investors get additional information about ARMOUR Residential REIT?
Investors can find more information on ARMOUR’s website or by contacting their investor relations directly.
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