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Stock impact report

What Next For Armour Residential REIT (ARR) After Impressive Earnings? [Yahoo! Finance]

ARMOUR Residential REIT, Inc. (ARR) 
US:NYSE Investor Relations: armourreit.com
Company Research Source: Yahoo! Finance
The company reported a GAAP net income available to common stockholders of $208.7 million, translating to $1.86 per share. Net interest income for the quarter totaled $50.4 million. During the quarter, ARMOUR Residential REIT, Inc. (NYSE:ARR) raised $3.8 million of capital through the issuance of preferred stock and an additional $138 million through common stock as part of its at-the-market program. This involved the issuance of approximately 7.5 million shares of common stock and around 230,000 shares of preferred stock. The company distributed dividends of $0.24 per common share each month, resulting in a total of $0.72 per share for the quarter. The management said that the market remains attractive due to lower rate volatility and easing funding costs. These trends are supported by the Federal Reserve's efforts to lower interest rates and maintain ample liquidity in the banking system. ARMOUR Residential REIT, Inc. (NYSE:ARR) CEO Scott Ulm highlighted confidence in the comp Show less Read more
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