ARMOUR Residential REIT, Inc. Announces Cash Dividend Guidance for April 2024, Payable on April 29, 2024
March 25, 2024 at 04:15 pm EDT
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ARMOUR Residential REIT, Inc. announced guidance on the April 2024 cash dividend for the company's common stock of $0.24 per common share. Holder of record date is April 15, 2024. Payment date is April 29, 2024.
ARMOUR Residential REIT, Inc. is a real estate investment trust. The Company brings private capital into the mortgage markets to support home ownership for a broad and diverse spectrum of Americans. The Company seeks to create stockholder value through thoughtful investment and risk management of a leveraged and diversified portfolio of mortgage backed securities (MBS). It prioritizes maintaining common share dividends appropriate for the intermediate term rather than focusing on short-term market fluctuations. It invests in MBS, issued or guaranteed by a United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a government agency such as Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities). Its Agency Securities consist of fixed rate loans. The Company is managed by ARMOUR Capital Management LP, an investment advisor.