Armour Residential REIT Declares $0.24 Monthly Dividend for March
Armour Residential REIT, Inc. (NYSE: ARR), a mortgage REIT focused on agency mortgage-backed securities, announced a $0.24 per share monthly dividend for March 2026. The dividend yields 16.0% based on the company's current stock price of $17.95.
Armour Residential REIT, Inc. (NYSE: ARR), a mortgage REIT focused on agency mortgage-backed securities, declared a $0.24 per share monthly cash dividend for March 2026. The dividend carries a 16.0% yield based on the company's closing stock price of $17.95 as of February 28, 2026. Read more dividend announcements.
Shareholders of record on March 16, 2026 will receive payment on March 30, 2026. The stock trades ex-dividend on the same date as the record date.
| Dividend Details | Information |
|---|---|
| Amount | $0.24 per share |
| Record Date | March 16, 2026 |
| Ex-Dividend Date | March 16, 2026 |
| Payment Date | March 30, 2026 |
| Frequency | Monthly |
Portfolio Composition
As of February 28, 2026, Armour held a $21.4 billion portfolio with 93.5% allocated to agency mortgage-backed securities. The company's largest holdings are in 30-year fixed-rate pools, which represent 87.8% of the portfolio with a market value of $18.8 billion.
Thirty-year 5.5% mortgage pools constitute the single largest position at 24.3% of the portfolio, valued at $5.2 billion. Thirty-year 6.0% pools account for 18.3% at $3.9 billion, while 30-year 5.0% pools make up 16.6% at $3.6 billion.
Agency commercial mortgage-backed securities comprise 5.6% of the portfolio at $1.2 billion. The effective duration of the 30-year fixed-rate conventional portfolio stands at 3.27 months.
Leverage and Liquidity
Armour reported a debt-to-equity ratio of 7.9 and implied leverage of 8.1 as of February 28, 2026. The company maintained $1.2 billion in liquidity, representing 51% of total capital.
The REIT's $19.0 billion in repurchase agreements had a weighted average remaining term of 40 days and a weighted average original term of 61 days. BUCKLER Securities LLC provided 45.1% of repo financing at $8.6 billion, while other counterparties supplied $10.4 billion.
Armour's market capitalization stood at $2.0 billion as of the fourth quarter of 2025. The company employs hedging and liquidity strategies to manage interest rate and mortgage-backed securities price risk.
Interest Rate Hedging
The company held $12.6 billion in notional interest rate swaps with a weighted average remaining term of 49 months and a weighted average rate of 2.47%. The largest concentration, $3.4 billion, matures in 25 to 36 months at a weighted average rate of 3.49%.
Swaps maturing in 13 to 24 months total $2.6 billion at a 3.08% weighted average rate. The portfolio also includes $1.5 billion in swaps maturing in 61 to 72 months at 1.19%.