Armour Residential REIT

ARMOUR Residential REIT reported Q2 GAAP net income of $111.5 million ($0.86/share) and distributable earnings of $93.2 million ($0.72/share), with quarter-end book value up to $17.53 per share and a total economic return of 4.8%. Management said tighter agency MBS spreads and favorable supply-demand technicals supported portfolio performance, while cautioning that higher volatility or a more hawkish Fed could widen spreads. The company raised $218.7 million in Q2 via ATM share issuances plus $88.3 million through mid-July, maintains a neutral duration, moderate leverage and about $1.2 billion of expected liquidity to deploy opportunistically. » Więcej na finance.yahoo.com

ARMOUR Residential REIT will pay a cash dividend of $0.24 per common share for November, payable on November 28 to shareholders of record on November 17. The stock trades at $15.69 and, according to InvestingPro, has a dividend yield of 18.39%; the company has paid uninterrupted dividends for 16 years. ARMOUR primarily invests in residential mortgage-backed securities and is required to distribute the majority of its taxable income. In addition, the company raised $302.5 million through a public offering of 18.5 million shares and increased the number of shares available for sale under its at‑the‑market program to 17,732,711. » Więcej na de.investing.com

ARMOUR Residential REIT has completed a public offering of 18.5 million common shares, raising $302.5 million, with the potential to increase to $347.8 million. The funds are intended for the purchase of additional mortgage-backed securities after the company missed earnings and revenue expectations in the second quarter. Despite recent challenges, analysts say the company's financial position remains solid and a return to profitability is expected. » Więcej na de.investing.com