ARMOUR Residential REIT, Inc. Declares October 2024 Dividend
ARMOUR Residential REIT, Inc. Announces October 2024 Dividend
ARMOUR Residential REIT, Inc. (NYSE: ARR) has announced its guidance for the cash dividend of $0.24 per common share for October 2024. This decision reflects the company’s sustained commitment to providing returns to its shareholders through its regular dividend distribution policy.
October 2024 Common Stock Dividend Details
The new dividend rate signifies ARMOUR's focus on delivering value to its investors. Here are the details regarding the October 2024 dividend:
Dividend Amount
Shareholders can anticipate a dividend payment of $0.24 per share, which is designed to support their investment return criteria.
Holder of Record Date
Shareholders will need to be on record by October 15, 2024, to qualify for this dividend payment.
Payment Date
The expected payment date for the dividend distribution is set for October 30, 2024.
Understanding Tax Implications
ARMOUR has positioned itself as a Real Estate Investment Trust (REIT), which requires it to distribute substantially all of its taxable income. This tax structure influences the dividends' tax treatment; as such, dividends exceeding the current taxable income may be non-taxable to common stockholders. This is an essential aspect for investors considering the overall tax implications of their dividends.
Board Discretion
It is also worth noting that while the board of directors of ARMOUR determines dividend payments, they consider various factors such as the company's financial health, operational results, and general market conditions. This prudent approach ensures that dividends remain sustainable while allowing the company to pursue further investment opportunities.
About ARMOUR Residential REIT, Inc.
ARMOUR focuses investment efforts primarily on fixed-rate residential mortgage-backed securities. These securities are manifold, encompassing adjustable and hybrid adjustable-rate products as well. The investments made by ARMOUR are typically issued or guaranteed by U.S. Government-sponsored entities.
The Company's Management Structure
ARMOUR is managed and advised by ARMOUR Capital Management LP, a firm registered with the Securities and Exchange Commission. This external management structure is designed to leverage the expertise of seasoned professionals within the financial services industry, enhancing the company's strategic approach to investment management.
Commitment to Transparency
The company emphasizes transparency and provides investors with essential information. In this vein, shareholders and interested parties are encouraged to explore further details regarding ARMOUR’s operations and investment strategies through the SEC's resources or the official company website.
Frequently Asked Questions
What is the dividend amount declared for October 2024?
The declared dividend amount is $0.24 per common share.
When is the holder of record date for the October dividend?
The holder of record date is October 15, 2024.
When will the dividend payment be made?
The dividend payment is scheduled for October 30, 2024.
What is the investment focus of ARMOUR Residential REIT?
ARMOUR primarily invests in fixed-rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises.
Who manages ARMOUR Residential REIT?
ARMOUR is externally managed and advised by ARMOUR Capital Management LP.
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