Armour Residential REIT Declares $0.24 Monthly Dividend for May 2026
Armour Residential REIT (NYSE: ARR), a mortgage REIT focused on agency residential mortgage-backed securities, announced a monthly cash dividend of $0.24 per common share payable in May. The dividend matches the company's monthly payout throughout the first quarter of 2026.
Armour Residential REIT, Inc. (NYSE: ARR), a mortgage REIT focused on agency residential mortgage-backed securities, declared a monthly cash dividend of $0.24 per common share for May 2026, matching its consistent monthly rate from the first quarter. Read more dividend announcements.
The dividend will be paid May 28, 2026 to shareholders of record as of May 15, 2026. The company paid the same $0.24 monthly dividend for each month in the first quarter of 2026 and also declared a $0.24 dividend in April payable to holders of record on April 15.
| Dividend Details | Common Stock |
|---|---|
| Amount | $0.24 per share |
| Record Date | May 15, 2026 |
| Payment Date | May 28, 2026 |
| Frequency | Monthly |
The company's board determines future dividend rates based on results, financial position, REIT tax requirements, and market conditions. Armour must distribute substantially all of its ordinary REIT taxable income annually to maintain its tax status as a real estate investment trust.
Armour also declared dividends on its Series C Preferred Stock of $0.14583 per share, payable May 27, 2026 and June 29, 2026 to holders of record on May 15, 2026 and June 15, 2026, respectively. The Series C Preferred paid the same monthly rate throughout the first quarter.
First Quarter Financial Position
As of March 31, 2026, Armour reported total assets of $21.45 billion, up from $21.01 billion at year-end 2025. The company's investment portfolio totaled $21.07 billion, with 30-year fixed rate pools comprising 86.4% of holdings.
Agency securities stood at $19.50 billion, while U.S. Treasury securities totaled $990 million. The company maintained liquidity of $1.12 billion, representing 47.9% of total equity.
Common equity reached $2.15 billion at quarter-end, compared to $2.08 billion at December 31, 2025. Total equity stood at $2.34 billion. The company's implied leverage ratio was 8.2 times.
Economic net interest income for the first quarter totaled $109.0 million, up from $96.8 million in the prior quarter. The economic net yield on interest-earning assets improved to 2.10% from 2.04%.
Armour's repurchase agreement borrowings totaled $18.46 billion as of March 31, with a weighted average remaining term of 21 days. The company hedged its interest rate risk with $12.90 billion in interest rate swaps carrying a weighted average remaining term of 50 months and a weighted average rate of 2.52%.