Declared Dividend • Jul 31
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 17th August 2026 Payment date: 28th August 2026 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 17% over the next 3 years. Since a fall of 11% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Jul 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (128% cash payout ratio). Declared Dividend • Jun 30
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th July 2026 Payment date: 30th July 2026 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio) nor is it covered by cash flows (266% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 50% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 25
ARMOUR Residential REIT, Inc. Provides Dividend Guidance for the Month of July 2026, Payable on July 30, 2026 ARMOUR Residential REIT, Inc. provided dividend guidance for the Company's Common Stock of $0.24 per Common share for the month of July 2026. Holder of Record Date: July 15, 2026, payable on July 30, 2026. Declared Dividend • Jun 02
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th June 2026 Payment date: 29th June 2026 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio) nor is it covered by cash flows (266% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 48% over the next 3 years, which should be enough to bring the dividend into a sustainable range. Announcement • May 29
ARMOUR Residential REIT, Inc. Announces Cash Dividend for June 2026, Payable on June 29, 2026 ARMOUR Residential REIT, Inc. announced the June 2026 cash dividend of $0.24 per share for the Company's Common Stock. Record Date is June 15, 2026. Payment Date is June 29, 2026. Declared Dividend • Apr 30
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th May 2026 Payment date: 28th May 2026 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio) nor is it covered by cash flows (266% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 48% over the next 3 years, which should be enough to bring the dividend into a sustainable range. Announcement • Apr 23
ARMOUR Residential REIT, Inc. announces Monthly dividend, payable on May 28, 2026 ARMOUR Residential REIT, Inc. announced Monthly dividend of USD 0.2400 per share payable on May 28, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Announcement • Apr 22
ARMOUR Residential REIT, Inc. to Report Q1, 2026 Results on Apr 22, 2026 ARMOUR Residential REIT, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Announcement • Apr 02
ARMOUR Residential REIT, Inc. Confirms April 2026 Cash Dividend, Payable on April 29, 2026 ARMOUR Residential REIT, Inc. confirmed the April 2026 cash dividend of $0.24 per share for the Company's Common Stock, payable on April 29, 2026 with record date April 15, 2026. Declared Dividend • Mar 31
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th April 2026 Payment date: 29th April 2026 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (285% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 22% over the next 3 years. Since a fall of 3.2% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Mar 26
ARMOUR Residential REIT, Inc. Announces Guidance on the Monthly Cash Dividend of April 2026, Payable on April 29, 2026 On March 25, 2026, ARMOUR Residential REIT, Inc. announced guidance on the monthly cash dividend of $0.24 per share, payable to holders of ARMOUR common stock for the month of April 2026 payable on April 29, 2026, record date of April 15, 2026. Announcement • Mar 20
ARMOUR Residential REIT, Inc., Annual General Meeting, Apr 30, 2026 ARMOUR Residential REIT, Inc., Annual General Meeting, Apr 30, 2026. Declared Dividend • Feb 28
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 16th March 2026 Payment date: 30th March 2026 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (277% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 22% over the next 3 years. Since a fall of 3.2% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Declared Dividend • Feb 02
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (443% earnings payout ratio) nor is it covered by cash flows (180% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 392% to bring the payout ratio under control. EPS is expected to grow by 115% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jan 30
ARMOUR Residential REIT, Inc. Announces February 2026 Cash Dividend, Payable on February 27, 2026 ARMOUR Residential REIT, Inc. announced the February 2026 cash dividend of $0.24 per Company's Common Stock, payable on February 27, 2026 and record date on February 17, 2026. Recent Insider Transactions • Jan 11
Independent Director recently sold US$123k worth of stock On the 6th of January, Robert Hain sold around 7k shares on-market at roughly US$18.06 per share. This transaction amounted to 87% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$169k more than they bought in the last 12 months. Declared Dividend • Dec 30
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th January 2026 Payment date: 29th January 2026 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (443% earnings payout ratio) nor is it covered by cash flows (180% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 392% to bring the payout ratio under control. EPS is expected to grow by 119% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Dec 25
ARMOUR Residential REIT, Inc. announces Monthly dividend, payable on January 29, 2026 ARMOUR Residential REIT, Inc. announced Monthly dividend of USD 0.2400 per share payable on January 29, 2026, ex-date on January 15, 2026 and record date on January 15, 2026. Major Estimate Revision • Dec 19
Consensus revenue estimates increase by 20%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$150.6m to US$180.2m. EPS estimate fell from US$1.83 to US$1.70. Net income forecast to grow 433% next year vs 48% growth forecast for Mortgage REITs industry in the US. Consensus price target of US$17.50 unchanged from last update. Share price rose 2.9% to US$17.40 over the past week. Declared Dividend • Nov 29
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th December 2025 Payment date: 29th December 2025 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (443% earnings payout ratio) nor is it covered by cash flows (180% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 392% to bring the payout ratio under control. EPS is expected to grow by 141% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Nov 27
ARMOUR Residential REIT, Inc. Announces Cash Dividend for the Month of December 2025, Payable on December 29, 2025 On November 26, 2025, ARMOUR Residential REIT, Inc. announced a cash dividend of $0.24 per share, payable to holders of ARMOUR common stock for the month of December 2025. Holder of Record Date: December 15, 2025.
Payment Date: December 29, 2025. Declared Dividend • Oct 31
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 17th November 2025 Payment date: 28th November 2025 Dividend yield will be 18%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (443% earnings payout ratio) nor is it covered by cash flows (180% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 392% to bring the payout ratio under control. EPS is expected to grow by 141% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Oct 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 443% Cash payout ratio: 180% Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (45% net profit margin). Declared Dividend • Sep 30
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th October 2025 Payment date: 30th October 2025 Dividend yield will be 19%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (123% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Sep 25
ARMOUR Residential REIT, Inc. Announces Dividend Guidance for October 2025, Payable on October 30, 2025 ARMOUR Residential REIT, Inc. announced guidance on the October 2025 cash dividend for the Company's Common Stock of $0.24 per Common share.: Holder of Record Date: October 15, 2025. Payment Date: October 30, 2025. Declared Dividend • Aug 31
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th September 2025 Payment date: 29th September 2025 Dividend yield will be 19%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (123% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Aug 28
Armour Residential Reit, Inc. Declares Cash Dividend on Common Stock for the Month of September 2025, Payable on September 29, 2025 ARMOUR Residential REIT, Inc. announced the September 2025 cash dividend of $0.24 for the Company's Common Stock. Record date: September 15, 2025. Payment date: September 29, 2025. Declared Dividend • Jul 31
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th August 2025 Payment date: 29th August 2025 Dividend yield will be 18%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (119% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Breakeven Date Change • Jul 25
Forecast to breakeven in 2025 The 5 analysts covering ARMOUR Residential REIT expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$144.2m in 2025. Earnings growth of 111% is required to achieve expected profit on schedule. New Risk • Jul 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 100% Dividend yield: 17% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 100% Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Announcement • Jul 02
Armour Residential Reit, Inc. Confirms Cash Dividend on Common Stock for the Month of July 2025, Payable on July 30, 2025 ARMOUR Residential REIT, Inc. confirmed the cash dividend of $0.24 per share, payable to holders of ARMOUR common stock for the month of July 2025, as set forth: Holder of Record Date: July 15, 2025; Payment Date: July 30, 2025. Declared Dividend • Jun 29
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th July 2025 Payment date: 30th July 2025 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 25
ARMOUR Residential REIT, Inc. Announces Dividend Guidance for July 2025, Payable on July 30, 2025 ARMOUR Residential REIT, Inc. announced guidance on the July 2025 cash dividend for the Company's Common Stock of $0.24 per Common share. Holder of Record Date is July 15, 2025. Payment Date is July 30, 2025. Declared Dividend • Jun 02
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 16th June 2025 Payment date: 27th June 2025 Dividend yield will be 18%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 30
ARMOUR Residential REIT, Inc. Announces Cash Dividend for the Month of June 2025, Payable on June 27, 2025 On May 29, 2025, ARMOUR Residential REIT, Inc. announced a cash dividend of $0.24 per share, payable to holders of ARMOUR common stock for the month of June 2025, with Holder of Record Date of June 16, 2025 and Payment Date of June 27, 2025. Declared Dividend • Apr 30
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th May 2025 Payment date: 29th May 2025 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Price Target Changed • Apr 15
Price target decreased by 9.1% to US$18.33 Down from US$20.17, the current price target is an average from 3 analysts. New target price is 29% above last closing price of US$14.23. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$3.81 next year compared to a net loss per share of US$0.51 last year. Upcoming Dividend • Apr 11
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 15 April 2025. Payment date: 29 April 2025. Trailing yield: 20%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (14%). Declared Dividend • Mar 28
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th April 2025 Payment date: 29th April 2025 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (111% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 26
ARMOUR Residential REIT, Inc. Announces April 2025 Cash Dividend, Payable on April 29, 2025 ARMOUR Residential REIT, Inc. announced guidance on the April 2025 cash dividend for the Company's Common Stock of $0.24 per Common share. Holder of Record Date: April 15, 2025. Payment Date: April 29, 2025. Announcement • Mar 21
ARMOUR Residential REIT, Inc., Annual General Meeting, May 01, 2025 ARMOUR Residential REIT, Inc., Annual General Meeting, May 01, 2025. New Risk • Mar 09
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 111% Dividend yield: 15% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 111% Shareholders have been substantially diluted in the past year (106% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (US$512k sold). Declared Dividend • Feb 28
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 17th March 2025 Payment date: 27th March 2025 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (84% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Feb 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Significant insider selling over the past 3 months (US$512k sold). Declared Dividend • Feb 03
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 14th February 2025 Payment date: 27th February 2025 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. EPS is expected to grow by 102% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jan 31
ARMOUR Residential REIT, Inc. Announces February 2025 Cash Dividend, Payable on February 27, 2025 ARMOUR Residential REIT, Inc. announced the February 2025 cash dividend of $0.24 per share for the Company's Common Stock. Holder of Record Date is February 14, 2025. Payment Date is February 27, 2025. Major Estimate Revision • Jan 17
Consensus EPS estimates increase by 36% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.873 to US$1.19. Revenue forecast steady at US$127.0m. Net income forecast to grow 63% next year vs 28% growth forecast for Mortgage REITs industry in the US. Consensus price target of US$20.00 unchanged from last update. Share price was steady at US$18.66 over the past week. Recent Insider Transactions • Jan 05
Independent Director recently sold US$467k worth of stock On the 31st of December, Stewart Paperin sold around 25k shares on-market at roughly US$18.78 per share. This transaction amounted to 95% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$202k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jan 02
Independent Director notifies of intention to sell stock Stewart Paperin intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of December. If the sale is conducted around the recent share price of US$18.85, it would amount to US$468k. Since March 2024, Stewart's direct individual holding has increased from 21.35k shares to 25.42k. Company insiders have collectively sold US$7.7k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Dec 31
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th January 2025 Payment date: 30th January 2025 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. EPS is expected to grow by 126% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Dec 27
ARMOUR Residential REIT, Inc. Announces Guidance for January 2025 Dividend, Payable on January 30, 2025 ARMOUR Residential REIT, Inc. announced guidance on the January 2025 cash dividend for the Company's Common Stock of $0.24 per Common share. Holder of Record Date: January 15, 2025. Payment Date: January 30, 2025. Major Estimate Revision • Dec 06
Consensus revenue estimates decrease by 14%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$147.2m to US$127.2m. EPS estimate increased from US$0.831 to US$0.873 per share. Net income forecast to grow 63% next year vs 24% growth forecast for Mortgage REITs industry in the US. Consensus price target of US$20.17 unchanged from last update. Share price rose 2.1% to US$19.31 over the past week. Declared Dividend • Dec 01
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 16th December 2024 Payment date: 30th December 2024 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. EPS is expected to grow by 133% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Nov 28
ARMOUR Residential REIT, Inc. Announces Cash Dividend for the Month of December 2024, Payable on December 30, 2024 ARMOUR Residential REIT, Inc. announced the December 2024 cash dividend of $0.24 per share for the Company's Common Stock. Holder of Record Date is December 16, 2024; Payment Date is December 30, 2024. Major Estimate Revision • Nov 22
Consensus EPS estimates increase by 28% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.888 to US$1.14. Revenue forecast steady at US$147.2m. Net income forecast to grow 59% next year vs 23% growth forecast for Mortgage REITs industry in the US. Consensus price target broadly unchanged at US$20.17. Share price was steady at US$18.69 over the past week. Declared Dividend • Nov 01
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th November 2024 Payment date: 27th November 2024 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. EPS is expected to grow by 129% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Oct 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (17% increase in shares outstanding). Upcoming Dividend • Oct 11
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 30 October 2024. Trailing yield: 15%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (12%). Recent Insider Transactions • Oct 06
Non-Executive Chairman recently bought US$199k worth of stock On the 3rd of October, Daniel Staton bought around 10k shares on-market at roughly US$19.86 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Daniel has been a net seller over the last 12 months, reducing personal holdings by US$1.0m. Declared Dividend • Sep 27
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th October 2024 Payment date: 30th October 2024 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (66% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Declared Dividend • Sep 02
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 16th September 2024 Payment date: 27th September 2024 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (66% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Aug 30
ARMOUR Residential REIT, Inc. Announces September 2024 Cash Dividend, Payable on September 27, 2024 ARMOUR Residential REIT, Inc. announced the September 2024 cash dividend of $0.24 for the Company's Common Stock. Holder of Record Date is September 16, 2024. Payment Date is September 27, 2024. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 29 August 2024. Trailing yield: 14%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (12%). Declared Dividend • Jul 26
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th August 2024 Payment date: 29th August 2024 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (66% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Jul 11
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 30 July 2024. Trailing yield: 14%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (12%). Announcement • Jul 03
ARMOUR Residential REIT, Inc. Confirms July 2024 Common Share Dividend, Payable on July 30, 2024 ARMOUR Residential REIT, Inc. confirmed the July 2024 cash dividend for the Company's Common Stock of $0.24, consistent with the previous guidance which the Company released on June 24, 2024. Holder of Record Date is July 15, 2024. Payment Date is July 30, 2024. Declared Dividend • Jun 27
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 15th July 2024 Payment date: 30th July 2024 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (80% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 27
ARMOUR Residential REIT, Inc. Announces Dividend Guidance for July 2024, Payable on July 30, 2024 ARMOUR Residential REIT, Inc. announced guidance on the July 2024 cash dividend for the Company's Common Stock of $0.24 per Common share. Record Date is July 15, 2024. Payment Date is July 30, 2024. Declared Dividend • Jun 03
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 17th June 2024 Payment date: 27th June 2024 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (80% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. Independent Director Z. Behar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 31
ARMOUR Residential REIT, Inc. Announces Cash Dividend for June 2024, Payable on June 27, 2024 ARMOUR Residential REIT, Inc. announced the June 2024 cash dividend of $0.24 per common share for the company's common stock. The dividend is payable on June 27, 2024 to holders of record date June 17, 2024.