Armour Residential REIT Declares $0.24 Monthly Dividend for February and March
Armour Residential REIT, Inc. (NYSE: ARR), a mortgage REIT focused on agency mortgage-backed securities, declared monthly cash dividends of $0.24 per common share for February and March 2026. The announcement maintains the same $0.24 monthly rate paid throughout the fourth quarter of 2025.
Armour Residential REIT, Inc. (NYSE: ARR), a mortgage REIT that invests primarily in agency mortgage-backed securities, declared monthly cash dividends of $0.24 per common share payable February 27, 2026 and March 30, 2026. The dividends will be paid to holders of record on February 17, 2026 and March 16, 2026, respectively. Read more dividend announcements.
The declaration maintains the company's $0.24 per share monthly rate that was paid throughout the fourth quarter of 2025 and in January 2026. At the current rate, Armour pays $2.88 per share annually in common dividends.
| Payment Date | Record Date | Amount Per Share |
|---|---|---|
| February 27, 2026 | February 17, 2026 | $0.24 |
| March 30, 2026 | March 16, 2026 | $0.24 |
Armour's board determines future dividend rates based on the company's results, financial position, REIT tax requirements, and overall market conditions. As a REIT, Armour is required to distribute substantially all of its ordinary taxable income to maintain its tax status.
Preferred Stock Dividends
The company also declared monthly cash dividends of $0.14583 per share on its Series C Preferred Stock, payable February 27, 2026 and March 27, 2026 to holders of record on February 15, 2026 and March 15, 2026, respectively. This matches the monthly rate paid on the preferred shares throughout the fourth quarter of 2025.
Dividend Tax Treatment
For 2025, the company's Series C Preferred Stock dividends will be treated as 100% fully taxable ordinary income. Common stock dividends for 2025 will be treated as 80.40% taxable ordinary income and 19.60% non-taxable return of capital.
Fourth Quarter Financial Position
As of December 31, 2025, Armour reported total assets of $21.0 billion, up from $15.0 billion a year earlier. The company's agency securities portfolio stood at $19.4 billion compared to $12.4 billion at year-end 2024. Total equity reached $2.3 billion, an increase from $1.7 billion in the prior-year period.
The company's portfolio consisted of 89.4% 30-year fixed-rate pools, 5.5% agency commercial mortgage-backed securities, and 2.4% Ginnie Mae securities as of January 31, 2026. Liquidity totaled $1.3 billion, representing 54% of total capital.
Economic net interest income for the fourth quarter was $96.8 million on average interest-earning assets of $17.4 billion, producing an economic net yield of 2.04%. This compared to $91.5 million in economic net interest income on $15.0 billion of average interest-earning assets and a 2.17% economic net yield in the fourth quarter of 2024.