ARMOUR Residential REIT Announces January Dividend Details
ARMOUR Residential REIT Confirms January 2025 Dividends
ARMOUR Residential REIT, Inc. (NYSE: ARR) recently confirmed details regarding its upcoming cash dividends for Common Stock and Series C Preferred Stock for January 2025. This announcement aligns with the company’s previous guidance reiterated on December 26, 2024.
Details on Common Stock Dividends
The cash dividend declared for the Common Stock for January 2025 is set at $0.24. Shareholders should take note of the important dates associated with this dividend. The holder of record date falls on January 15, 2025, while the payment date is scheduled for January 30, 2025.
January 2025 Common Stock Dividend Schedule
The scheduled cash dividend payment represents a pivotal part of ARMOUR's overall financial strategy. By maintaining consistent dividends, the company aims to reflect its stability and commitment to rewarding shareholders. This particular dividend reflects the company's assessment of its financial status and operational performance.
Q1 2025 Series C Preferred Stock Dividend Information
Additionally, ARMOUR has provided details for its Series C Preferred Stock dividends during Q1 2025. The planned dividend for January 2025 stands at $0.14583, with February and March following suit with the same amount. The holder of record date for these payments is January 15, February 15, and March 15, respectively, with the payment dates set for January 27, February 27, and March 27, 2025.
Series C Preferred Stock Dividend Breakdown
The decision to issue dividends across these months is a reflection of ARMOUR's strategy to manage investor expectations while adhering to its operational viability. These Series C dividends not only serve the interests of existing shareholders but also demonstrate ARMOUR's ongoing commitment to transparency and accountability in its financial dealings.
Tax Considerations for Shareholders
As a real estate investment trust (REIT), ARMOUR Residential REIT is required to distribute most of its earnings as dividends. This structure often benefits shareholders from a tax perspective, especially when dividends exceed the current taxable earnings. It's essential for shareholders to understand the implications of these dividend announcements.
Impact of Dividend Distributions
Dividends that exceed the current tax earnings may not be taxable to shareholders, allowing them to benefit further from their investments in ARMOUR. The company's Board of Directors considers various factors, including market conditions and operational results, when determining dividends, thereby ensuring thoughtful planning around shareholder returns.
About ARMOUR Residential REIT, Inc.
ARMOUR Residential REIT, Inc. focuses on investments in a portfolio of fixed-rate residential and hybrid adjustable-rate mortgage-backed securities that are either issued or guaranteed by U.S. government-sponsored entities. Managed by ARMOUR Capital Management LP, the company's investments are strategically timed to optimize financial performance in the dynamic housing market.
Investor Relations Contact Information
For inquiries regarding the dividends or any other investor-related questions, investors can reach out directly to ARMOUR's Investor Relations. The contact information is as follows:
Gordon M. Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
Frequently Asked Questions
What are the dividend announced by ARMOUR Residential REIT for January 2025?
The Common Stock dividend is confirmed at $0.24 and the Series C Preferred Stock dividend is at $0.14583 for January 2025.
When will the dividends be paid out?
The payment date for Common Stock is January 30, 2025, while the payment dates for Series C Preferred Stock vary from January 27 to March 27, 2025.
What is the significance of ARMOUR being a REIT?
As a real estate investment trust, ARMOUR must distribute the majority of its earnings as dividends, which can be favorable for shareholders from a tax perspective.
How can I contact ARMOUR for more information?
Investors can contact Gordon M. Harper at (772) 617-4340 for any investor-related inquiries.
What factors influence ARMOUR's dividend decisions?
ARMOUR's Board considers several important factors, including operational results, cash flows, and current market conditions when determining dividends.
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