Key Highlights

  • ARMOUR's $0.24 October common dividend has an October 15, 2026 record date and is payable October 29.
  • The company paid $0.24 per share each month in the second quarter, totaling $0.72 per share.
  • GAAP net income to common stockholders was $111.5 million, or $0.86 per share, and book value was $17.53.
  • Distributable earnings to common stockholders were $93.2 million, or $0.72 per share, and total economic return was 4.8%.

ARMOUR Residential REIT's (NYSE:ARR) $0.24 monthly common dividend yields 21.19% and sits beside second-quarter GAAP net income to common of $0.86 per share and distributable earnings of $0.72 per share. The company gave guidance for the October dividend on September 24, 2026 and confirmed it on October 1. It paid $0.24 per share monthly in the second quarter.

Dividend Program and Shareholder Returns

ARMOUR announced guidance on September 24, 2026 for an October common dividend of $0.24 per share, and confirmed it on October 1. The record date is October 15 and the payment date is October 29.

The company paid monthly common dividends of $0.24 per share for each month of the second quarter, or $0.72 for the quarter. Its July release stated a $0.24 dividend paid July 30 to holders of record July 15, and a $0.24 dividend payable August 28 to holders of record August 17. It also paid monthly Series C preferred dividends of $0.14583 per share in the second quarter.

About the Company

ARMOUR Residential REIT is based in Vero Beach, Florida. It invests primarily in fixed rate, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises or guaranteed by Ginnie Mae. The company states it is externally managed and advised by ARMOUR Capital Management LP.

Financial Performance Behind the Payout

ARMOUR reported second-quarter GAAP net income related to common stockholders of $111.5 million, or $0.86 per common share. Net income was $114.8 million versus a net loss of $54.8 million in the first quarter. Net interest income was $76.8 million versus $70.7 million.

Distributable earnings available to common stockholders, a non-GAAP measure, were $93.2 million, or $0.72 per common share, versus $90.5 million, or $0.76, in the first quarter. Total economic return was 4.8%.

Book value per common share was $17.53, up 0.6% from $17.42 at March 31, 2026. The portfolio totaled $21.8 billion, 94.5% of it Agency mortgage-backed securities, and the debt to equity ratio was 7.54 to 1. Liquidity, including cash and unencumbered securities, was $1.2 billion.

Equity Issuance Beside the Dividend

In the second quarter ARMOUR raised $218.7 million by issuing 12,714,990 common shares through its at-the-market program, and $4.1 million by issuing 197,939 preferred shares. Through July 14 it raised a further $88.3 million through 5,182,253 common shares. Common stock outstanding was 141,553,046 shares at July 20.

The company states that its board will determine future common dividend rates based on results, financial position, REIT tax requirements and market conditions, and that REIT rules require distribution of substantially all ordinary taxable income.

Outlook

ARMOUR did not issue numerical earnings guidance in its second-quarter release. Its chief executive officer said the company prioritizes maintaining common share dividends appropriate for the intermediate term. The October 2026 common dividend of $0.24 is confirmed.