ARMOUR Residential REIT, Inc. Confirms September 2020 Dividend Rate per Common Share

Rhea-AI Summary

ARMOUR Residential REIT has announced a cash dividend of $0.10 per share for September 2020. The record date for this dividend is September 15, 2020, with payment scheduled for September 29, 2020. As a REIT, ARMOUR must distribute most of its taxable income to maintain its tax status. The company primarily invests in mortgage-backed securities guaranteed by U.S. Government-sponsored enterprises, ensuring a focus on residential assets.

Positive

• Dividend of $0.10 per share for September 2020 supports income for shareholders.
• Scheduled payment date of September 29, 2020, indicates timely distribution.

Negative

• Potential risks associated with maintaining REIT status if income is not sufficiently distributed.
• -

VERO BEACH, Fla., Aug. 26, 2020 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today confirmed the September 2020 cash dividend rate for the Company's Common Stock.

September 2020 Common Stock Dividend Information

Month		Dividend			Holder of Record Date		Payment Date
September 2020		$0.10			September 15, 2020		September 29, 2020

Certain Tax Matters

ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR 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. Actual dividends are determined at the discretion of the Company’s Board of directors, who may consider additional factors including the Company’s results of operations, cash flows, financial condition, capital requirements as well as current market conditions, expected opportunities and other relevant factors.

About ARMOUR Residential REIT, Inc.

ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage‑backed securities issued or guaranteed by U.S. Government-sponsored enterprises (“GSEs”) or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).

Safe Harbor

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.  The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Additional Information and Where to Find It

Investors, security holders and other interested persons may find additional information regarding the Company at the SEC’s internet site at www.sec.gov, or the Company website at www.armourreit.com, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.

Investor Contact:

James R. Mountain
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340

FAQ

What is the dividend amount for ARMOUR Residential REIT in September 2020?

ARMOUR Residential REIT declared a dividend of $0.10 per share for September 2020.

When is the record date for the September 2020 dividend for ARR?

The record date for the September 2020 dividend is September 15, 2020.

What is the payment date for ARMOUR's September 2020 dividend?

The payment date for ARMOUR's September 2020 dividend is September 29, 2020.

What are the tax implications of the dividend from ARMOUR Residential REIT?

Dividends paid in excess of current tax earnings generally won't be taxable to common stockholders.

How does ARMOUR Residential REIT maintain its tax status as a REIT?

ARMOUR must distribute substantially all of its ordinary REIT taxable income to maintain its tax status.