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Stock impact report

ARMOUR RESIDENTIAL REIT, INC. ANNOUNCES COMPANY UPDATE AND DIVIDEND INFORMATION

ARMOUR Residential REIT, Inc. (ARR) 
US:NYSE Investor Relations: armourreit.com
Company Research Source: GlobeNewswire
VERO BEACH, Florida, April 02, 2020 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (“ARMOUR” or the “Company”) (NYSE: ARR and ARR-PRC), today announced an update regarding the Company’s financial status reflecting developments related to the continued market volatility due to the novel Coronavirus outbreak, confirmed the April cash dividend of $0.14583 per share on its 7.00% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) and announced a quarterly common stock dividend policy for the second quarter of 2020. The Company also announced that Mark Gruber will continue in his current role as Chief Investment Officer. The novel Coronavirus outbreak has been unprecedented and continues to have a real-time impact on all business sectors. The strong intervention by the Federal Reserve helped stabilize the agency residential and commercial mortgage-backed securities (“MBS”) and recover a large amount of the spread widening that took place during the month o Show less Read more
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