ARMOUR Residential REIT cuts dividend by 13.6%
ARMOUR Residential REIT (ARR) will lower its monthly dividend from $0.22 to $0.19 per share.
The first lowered dividend will be paid on January 30, 2017, to stockholders of record as of January 17, 2017.
ARMOUR Residential REIT, Inc. 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. In addition, ARMOUR invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).
The first lowered dividend will be paid on January 30, 2017, to stockholders of record as of January 17, 2017.
ARMOUR Residential REIT, Inc. 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. In addition, ARMOUR invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).
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