Business Context and Reporting Period
Company: Armour Residential REIT, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 2, 2016
Reporting Period: First quarter ended March 31, 2016
This filing serves to announce the Company's operating results for the first quarter of 2016 and to declare a cash dividend. The detailed financial results are contained in a press release furnished as Exhibit 99.1, which is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Key Financial Metrics
The text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the attached press release (Exhibit 99.1) but are not explicitly stated in the body of this filing.
Material Changes and Dividend Declaration
Dividend Announcement: On May 2, 2016, the Company announced a cash dividend rate of $0.22 per share payable to holders of common stock for the months of May and June 2016.
| Month | Holder of Record Date | Payment Date |
|---|---|---|
| May 2016 | May 16, 2016 | May 27, 2016 |
| June 2016 | June 15, 2016 | June 29, 2016 |
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies beyond the reference to the Q1 2016 operating results press release. No unusual items are described in the body of this report.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 2, 2016) for specific Q1 2016 financial results, including net income, FFO, and portfolio performance.
- Verify the dividend payment schedule and ensure shares are held by the specified record dates to receive the $0.22 per share distribution.
- Confirm the Company's liquidity position and debt levels in the full press release, as these are not detailed in the 8-K summary text.