Company says future common dividend rates will be determined based on ongoing evaluation of results
ARMOUR says it is prioritizing dividend stability over short-term market fluctuations
Company says it is well positioned to manage downside risks and pursue opportunities
Result drivers
Net interest income - Higher net interest income of $76.8 million supported quarterly results
Hedging gains - Gains on interest rate swaps of $110.8 million offset losses on MBS and U.S. Treasury securities
Capital raise - Raised $218.7 million from common stock and $4.1 million from preferred stock offerings, boosting liquidity
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized REITs peer group is
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