ARMOUR Residential REIT, Inc. Announces Q2 2013 Monthly Dividend Rate of $0.07 Per Share and Confirms Series A and Series B Preferred Stock Monthly Dividends
VERO BEACH, Fla., March 13, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (ARR) (NYSE MKT: ARR.WS) ("ARMOUR" or the "Company") today announced a Q2 2013 monthly cash dividend rate for the Company's Common Stock of $0.07 per share. The Company also confirmed the Q2 2013 monthly cash dividends for the Company's Series A and Series B Preferred Stock.
| Q2 2013 Common Stock Dividend Information | |||||||
| Month | Dividend | Holder of Record Date | Payment Date | ||||
| April 2013 | $0.07 | April 15, 2013 | April 29, 2013 | ||||
| May 2013 | $0.07 | May 15, 2013 | May 30, 2013 | ||||
| June 2013 | $0.07 | June 14, 2013 | June 27, 2013 | ||||
| Q2 2013 Series A Preferred Stock Dividend Information | |||||||
| Month | Dividend | Holder of Record Date | Payment Date | ||||
| April 2013 | $0.171875 | April 15, 2013 | April 29, 2013 | ||||
| May 2013 | $0.171875 | May 15, 2013 | May 27, 2013 | ||||
| June 2013 | $0.171875 | June 14, 2013 | June 27, 2013 | ||||
| Q2 2013 Series B Preferred Stock Dividend Information | |||||||
| Month | Dividend | Holder of Record Date | Payment Date | ||||
| April 2013 | $0.1640625 | April 15, 2013 | April 29, 2013 | ||||
| May 2013 | $0.1640625 | May 15, 2013 | May 27, 2013 | ||||
| June 2013 | $0.1640625 | June 14, 2013 | June 27, 2013 | ||||
About ARMOUR Residential REIT, Inc.
ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored entities. ARMOUR is externally managed and advised by ARMOUR Residential Management LLC. ARMOUR Residential REIT, Inc. has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes, commencing with ARMOUR's taxable year ended December 31, 2009.
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.
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 http://www.sec.gov/ , or the Company website www.armourreit.com or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.
CONTACT: Investor Contact:
James R. Mountain
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
Source: ARMOUR Residential REIT, Inc.
2013 GlobeNewswire, Inc.-
Phattboy43 Comments (15)Hmmmm......wonder if they promised this when they were doing the road show for the newly issued shares. "we PROMISE to immediately lower our divi" -
kerstner Comments (2)AGNC!!" -
JimRay Comments (4)Wasn't too long ago that AGNC cut their dividend too. Maybe these REITs have stopped being a good investment. -
gwest Comments (2)Didn't ARR just announce a stock buy back? Why would they buy back stock and at the same time issue a bunch of new shares? Does anyone else find this even a little fishy? I know ARR is a Reit, but one would think that if they have money to buy back shares, they should use those funds instead of selling new shares that delute our shares and reduce the dividend. Something doesn't smell right.
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JimRay Comments (4)Boy, do I know how to stock pick. Two days ago I bought into ARR at $6.75. ARR promptly cuts the dividend and the stock drops $.19/share. I think I could have done better at a Vegas crap table.
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JimRay Comments (4)ARR now down to $6.30, down $.45 from when I bought it. Will the bleeding ever stop?
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benrod2980 Comments (19)one year ago today was 60% in AGNC 40% in TWO with 30% margin. account up 67%.with dividends and appreciation. can't ask for better than that.Could sleep well with 15%. Can things get that worse than that?
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Investorblogger Comments (3)I bought at $7.50! Though the final amount doesn't represent a huge loss once you include the dividends. But something is a tad fishy with this stock. So I am avoiding. -
murray555 Comments (9)This looks like a buying opportunity to me. At least for the short term. Nobody invests in stocks without some risk. Even the big boys. :o)
