This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ARMOUR Residential REIT, Inc. Announces Monthly Dividend Rate Of $0.05 Per Share And Confirms Series A And Series B Preferred Stock Monthly Dividends For Q4 2013

Stocks in this article: ARR

VERO BEACH, Fla., Sept. 18, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) (NYSE MKT: ARR.WS) ("ARMOUR" or the "Company") today announced the Q4 2013 monthly cash dividend rate for the Company's Common Stock of $0.05 per share, which represents an annualized yield of 14.7% based on the closing market price of the stock on September 17, 2013.

In order to limit exposure to increasing volatility in the mortgage and US Treasury bond markets in Q3 2013, the Company reduced its portfolio to approximately $16.1 billion from a high of approximately $26.9 billion in the first half of 2013. The Company did not reduce any of its hedge positions since June 30, 2013, which represent 88.6% of repurchase agreement borrowings and resulted in a net balance sheet duration of 1.05 at August 30, 2013. For additional information about the Company's investment portfolio, liquidity, financing, hedging and other matters, please see the Company's latest monthly update at http://www.armourreit.com/updates/ARR_Company_Update_Sept_10_2013.pdf .

The Company also confirmed the Q4 2013 monthly cash dividends for the Company's Series A and Series B Preferred Stock.

Q4 2013 Common Stock Dividend Information
       
Month Dividend Holder of Record Date Payment Date
October 2013 $0.05 October 15, 2013 October 28, 2013
       
November 2013 $0.05 November 15, 2013 November 27, 2013
       
December 2013 $0.05 December 16, 2013 December 27, 2013
       
Q4 2013 Series A Preferred Stock Dividend Information
       
Month Dividend Holder of Record Date Payment Date
October 2013 $0.171875 October 15, 2013 October 28, 2013
       
November 2013 $0.171875 November 15, 2013 November 27, 2013
       
December 2013 $0.171875 December 15, 2013 December 27, 2013
       
Q4 2013 Series B Preferred Stock Dividend Information
       
Month Dividend Holder of Record Date Payment Date
October 2013 $0.1640625 October 15, 2013 October 28, 2013
       
November 2013 $0.1640625 November 15, 2013 November 27, 2013
       
December 2013 $0.1640625 December 15, 2013 December 27, 2013

About ARMOUR Residential REIT, Inc.

ARMOUR is a Maryland corporation that invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate mortgage-backed securities issued or guaranteed by U.S. Government-sponsored entities. ARMOUR is externally managed and advised by ARMOUR Residential Management LLC, an investment advisor registered with the Securities and Exchange Commission ("SEC"). ARMOUR Residential REIT, Inc. has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs