ARMOUR Residential REIT, Inc. Provides Guidance for January 2021 Dividend Rate Per Common Share , Payable on January 28, 2021
December 28, 2020 at 04:15 pm
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ARMOUR Residential REIT, Inc. announced guidance on the January 2021 cash dividend for the Company's Common Stock, which maintains the current monthly dividend rate of $0.10 per Common share. The dividend will be payable on January 28, 2021 to the recorded share holders on January 15, 2021.
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.