logo
  

Armour Residential REIT Posts Q3 Profit Of $54.1 Mln

Armour Residential REIT Inc. (ARR) reported that its GAAP net income for third-quarter 2014 was approximately $54.1 million and $0.14 per share.

Core Income for the latest-quarter was approximately $49.0 million and $0.13 per share.

The company paid dividends of $0.05 per Common share of record for each month of the third-quarter 2014, resulting in payments to Common stockholders of approximately $53.8 million. The Company also paid monthly dividends in the third-quarter 2014 of $0.171875 per outstanding share of 8.250% Series A Cumulative Redeemable Preferred Stock and $0.1640625 per outstanding share of 7.875% Series B Cumulative Redeemable Preferred Stock, resulting in payments to preferred stockholders of an aggregate of approximately $3.9 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Electric vehicle maker Tesla Inc. revealed that it will lay off 285 workers from its Buffalo, New York workforce. The planned job cuts represent 14 percent of the total workforce of 2,032 workers in the region. The job cuts are part of the massive layoffs the company recently announced. In a related development, reports said citing an internal email sent to employees, that Tesla Chief Executive... The U.S. Commerce Department is preparing to fund $6.1 billion to US chip maker Micron Technology Inc. as part of the Government's plan to boost domestic semiconductor production, Bloomberg reported citing people familiar with the matter. The award is yet to get final approval, and will be revealed next week. In pre-market activity on the Nasdaq, Micron shares were gaining around 2 percent. Shares of ABB Ltd. were gaining around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported higher Operational EBITA, a key earnings metric, in its first quarter. Meanwhile, net profit and orders were lower and revenues were nearly flat. The company said its order intake for the first quarter was better than expected.

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

View More Videos
RELATED NEWS
Follow RTT