Welcome to our dedicated page for ARMOUR Residential REIT news (Ticker: ARR), a resource for investors and traders seeking the latest updates and insights on ARMOUR Residential REIT stock.
ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland-based real estate investment trust (REIT) founded in 2008. The company, managed by ARMOUR Capital Management LP, primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Government National Mortgage Administration (Ginnie Mae). These collectively form the company's core portfolio, known as Agency Securities.
Most of ARMOUR's investments are in long-term, fixed-rate Agency RMBS. The company also holds adjustable-rate mortgage securities, hybrid adjustable-rate loans, and multifamily mortgage-backed securities. Additionally, from time to time, ARMOUR may diversify into Interest-Only Securities, U.S. Treasury Securities, and money market instruments to optimize returns and manage risk effectively.
In terms of financial performance, ARMOUR derives most of its revenue from interest income generated by its extensive portfolio of mortgage securities. This revenue model ensures that the company maintains a steady and predictable income stream, despite fluctuations in the broader financial markets. ARMOUR's strategic alignment with government-sponsored entities ensures a high level of security and reliability for its investors.
Recently, ARMOUR has been focused on optimizing its portfolio to capture more significant growth potential. This involves rebalancing its assets to ensure they align with current market conditions and regulatory requirements. Furthermore, the company has been recognized for its robust risk management practices, spearheaded by its leadership team, including CEO Scott Ulm and CFO Gordon Harper.
For those interested in ARMOUR's latest updates and performance metrics, the company regularly publishes detailed reports and financial statements. ARMOUR's commitment to transparency and communication ensures that investors are well-informed about the company's ongoing projects, partnerships, and any strategic shifts. The ARMOUR Board has also seen recent changes, including the transition of Jeffrey J. Zimmer to a special advisor role, highlighting the company's dynamic and forward-looking leadership approach.
Overall, ARMOUR Residential REIT, Inc. stands out as a stable and consistent performer in the REIT sector, offering investors reliable returns through its focus on government-backed residential mortgage securities.
ARMOUR Residential REIT, Inc. (NYSE: ARR) has announced its cash dividend for October 2020, maintaining the monthly rate at $0.10 per common share. The holder of record date is set for October 15, 2020, with the payment date on October 29, 2020. As a real estate investment trust (REIT), ARMOUR must distribute substantially all of its taxable income to maintain its tax status. This dividend announcement reflects the company's ongoing commitment to delivering income to its shareholders amidst market conditions.
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.
ARMOUR Residential REIT (NYSE: ARR) announced the completion of its strategic transition to a portfolio solely comprising mortgage-backed securities guaranteed by U.S. government-sponsored enterprises. The sale of the last unguaranteed mortgage-backed security occurred on August 11, 2020. The company reported liquidity of $582 million, including $104 million in short-term receivables, with an estimated book value per common share of $11.45. A dividend of $0.10 per share is scheduled for payment on August 28, 2020, to shareholders as of August 17, 2020.
ARMOUR Residential REIT (NYSE: ARR) reported its Q2 2020 financial results, showing a comprehensive income of $23.4 million, or $0.33 per share. The company’s book value per share stood at $11.11, with stockholders' equity totaling $851 million. ARMOUR transitioned its portfolio to focus exclusively on agency-guaranteed mortgage-backed securities (MBS), holding 99% in Agency MBS. The liquidity increased to $540 million, and a common stock dividend of $0.09 per share was resumed, with guidance for $0.10 for July. The company warned the COVID-19 pandemic may impact future operations.
ARMOUR Residential REIT (NYSE: ARR) confirmed a cash dividend of $0.10 for August 2020, payable on August 28, 2020, to shareholders on record as of August 17, 2020. This dividend aligns with ARMOUR's real estate investment trust (REIT) tax obligations, requiring substantial distribution of taxable income. The company primarily invests in U.S. government-backed residential mortgage securities, having reduced its legacy portfolio. The dividend reflects ARMOUR's financial strategies and market conditions.
ARMOUR Residential REIT (NYSE: ARR) will host an online conference call on July 23, 2020, to discuss its second quarter 2020 operating results. The earnings release will be issued after market close on July 22, 2020. Investors can access the live webcast starting at 8:30 a.m. (Eastern Time) through the provided link, with a replay available for up to one year on the company's website.
ARMOUR primarily invests in U.S. Government-backed residential mortgage securities and has largely liquidated its legacy portfolio of unguaranteed securities.
ARMOUR Residential REIT announced its July 2020 cash dividend for Common Stock set at $0.10, payable on July 30, 2020, with a record date of July 15, 2020. The company also confirmed the Q3 2020 dividend for Series C Preferred Stock at $0.14583 for each month from July to September 2020, with record dates on the 15th and payment dates at the end of each month. ARMOUR is structured as a REIT, meaning it must distribute most earnings to maintain tax status. Current market conditions and operational performance will be considered in future dividend decisions.
ARMOUR Residential REIT, NYSE: ARR, announced its third-quarter 2020 monthly cash dividend guidance. The Company plans to declare dividends of $0.10 for July, August, and September 2020, with payment dates on July 30, August 28, and September 29, 2020, respectively. Additionally, a $0.09 dividend was paid on June 29, 2020. ARMOUR maintains its REIT status, necessitating substantial distributions of its taxable income. The Board of directors will consider various operational factors in determining actual dividends.
ARMOUR Residential REIT (NYSE: ARR) announced a return to monthly dividends for its common stock after temporarily switching to quarterly payments due to the COVID-19 pandemic. The June 2020 dividend is set at $0.09, with a holder of record date of June 15, 2020 and a payment date of June 29, 2020. Additionally, the Series C Preferred Stock will also have a dividend of $0.14583 on the same dates. ARMOUR continues to comply with REIT regulations by distributing substantially all ordinary taxable income.
FAQ
What is the current stock price of ARMOUR Residential REIT (ARR)?
What is the market cap of ARMOUR Residential REIT (ARR)?
What is ARMOUR Residential REIT, Inc.?
What are Agency Securities?
How does ARMOUR Residential REIT generate revenue?
Who manages ARMOUR Residential REIT?
What is the significance of ARMOUR's focus on government-backed securities?
What recent changes have occurred in ARMOUR’s leadership?
How does ARMOUR manage risk?
What types of securities does ARMOUR occasionally invest in besides RMBS?
Where can investors find more information about ARMOUR?
What is the role of ARMOUR's Board of Directors?
