Business Context and Reporting Period
This Form 8-K is a current report filed by Armour Residential REIT, Inc. on July 1, 2016. The filing addresses Item 8.01 (Other Events) regarding the declaration of cash dividends for common and preferred stockholders.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on dividend declarations.
- Common Stock Dividend: $0.22 per share for July 2016.
- Series A Preferred Stock Dividend: $0.171875 per share for each month in Q3 2016.
- Series B Preferred Stock Dividend: $0.1640625 per share for each month in Q3 2016.
Material Changes
The filing text does not provide comparative data against prior periods to determine material changes in dividend rates or financial performance.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It serves solely to confirm the dividend rates and payment schedule.
Dividend Payment Schedule
| Stock Class | Record Date | Payment Date |
|---|---|---|
| Common Stock | July 15, 2016 | July 27, 2016 |
| Series A Preferred | July 15, 2016 | July 27, 2016 |
| Series A Preferred | August 15, 2016 | August 29, 2016 |
| Series A Preferred | September 15, 2016 | September 27, 2016 |
| Series B Preferred | July 15, 2016 | July 27, 2016 |
| Series B Preferred | August 15, 2016 | August 29, 2016 |
| Series B Preferred | September 15, 2016 | September 27, 2016 |
Investor Verification Checklist
- Verify the record date of July 15, 2016, to ensure eligibility for the July 2016 common stock dividend.
- Confirm the specific dividend rates for Series A ($0.171875) and Series B ($0.1640625) preferred stock for the third quarter.
- Review the attached Exhibit 99.1 (Press Release) for any additional context not included in the 8-K text.