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Armour Residential tallies 2015 buybacks

Jan. 07, 2016 7:34 AM ETARMOUR Residential REIT, Inc. (ARR) StockBy: Stephen Alpher, SA News Editor8 Comments
  • The company repurchased about $160M worth of stock last year at an average cost of $21.25 each (7.5M shares), cutting the float by 16.9% to 36.682M shares.
  • The accretive effect on NAV per share was roughly $1.13.
  • Armour (NYSE:ARR) can buy back another 1.881M shares under its current repurchase program.
  • Source: Press Release
  • The stock closed last night at $21.88.

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