NYSE:ARR

ARMOUR Residential REIT Declares $0.24 Monthly Dividend for July 2025

VERO BEACH, FL – June 24, 2025 – ARMOUR Residential REIT, Inc. (NYSE: ARR) has announced a monthly cash dividend of $0.24 per share of common stock for July 2025. The dividend will be payable on July 30, 2025, to shareholders of record as of July 15, 2025.

The declaration reflects ARMOUR’s ongoing commitment to returning value to shareholders through monthly distributions. ARMOUR invests primarily in U.S. government-sponsored entity (GSE) and government-backed mortgage-backed securities (MBS).
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ME NEWS 06-25-25
ARMOUR Residential REIT June 2025 Update: Strategic Focus on Dividend Stability and Leveraged MBS Portfolio

High Conviction in Agency MBS, Strong Liquidity Position, and Active Hedging Strategy

ARMOUR Residential REIT, Inc. (NYSE: ARR) continues to deploy private capital into U.S. agency-backed mortgage markets, supporting housing access across a broad demographic. The company maintains a leveraged and diversified portfolio of mortgage-backed securities (MBS) issued or guaranteed by U.S. government-sponsored entities, emphasizing intermediate-term dividend stability over short-term market volatility.

Key Financial Highlights as of May 31, 2025:

Common Stock Price: $16.21

Debt-to-Equity Ratio: 8.0

Implied Leverage: 8.3

Total Liquidity: $686.7 million (44% of total capital)

June 2025 Dividend: $0.24 per common share

Ex-Dividend/Record Date: June 16

Pay Date: June 27

Portfolio Composition and Allocation:
Total portfolio value reached $14.75 billion, with 92.5% allocated to agency MBS. The largest segment consists of 30-year fixed-rate pools (87.7%), primarily conventional loans with varying coupon rates. Notably, 6.0% and 5.5% coupon MBS represent the largest weightings by value and duration.

Treasury and TBA Positions:

U.S. 5-Year Treasury Bonds: 4.0% of portfolio ($597M)

Net TBA Exposure: 3.4% of portfolio ($506M)

Repo Financing and Counterparty Overview:
ARMOUR maintains $13.13 billion in repurchase agreements, with 50.6% sourced through BUCKLER Securities LLC, its affiliated broker-dealer. The average original term is 39 days, with an average of 26 days remaining.

Interest Rate Swaps – Hedging Profile:
The company holds $9.76 billion in interest rate swaps with an average remaining term of 64 months and a weighted average fixed rate of 2.26%. The swap structure spans a wide range of maturities, aimed at managing interest rate exposure in a rising-rate environment.

Strategic Outlook:
ARMOUR prioritizes stable and sustainable dividends backed by strong liquidity and disciplined risk management. Through active portfolio positioning, efficient repo financing, and a structured hedging program, the company aims to maintain long-term shareholder value amid macroeconomic shifts.
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Author
ME NEWS 06-16-25