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Dec 31, 2023
ARMOUR Residential REIT Q4 2023 Earnings Report
Announced preliminary unaudited Q4 results and December 31, 2023 financial position.
Key Takeaways
ARMOUR Residential REIT reported income attributable to common stockholders of $96.6 million, or $1.96 per common share, and distributable earnings available to common stockholders of $52.4 million, or $1.07 per common share for Q4 2023. The company's book value per common share was $22.54 as of December 31, 2023, and liquidity, including cash and unencumbered securities, exceeded $657.0 million.
Income attributable to common stockholders was $96.6 million, or $1.96 per common share.
Net interest income was $5.8 million.
Distributable Earnings available to common stockholders totaled $52.4 million, representing $1.07 per common share.
Common stock dividends of $0.40 per share per month, or $1.20 per share, were paid for Q4.
Forward Guidance
On December 14, 2023, the Company announced guidance on its common share dividend rate of $0.24 per share and expected dividend yield in approximately the low to mid-teens (12% to 15%) as a percentage of book value for January 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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