Does ARMOUR Residential REIT (ARR) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. ARMOUR Residential REIT (ARR) pays a dividend yielding about 17.49% as of August 2026, paid monthly, twelve times a year. The latest payment on record was $0.24 per share, ex-dividend July 15, 2026. The forward annual rate is roughly $2.88 per share, about $1749 a year on a $10,000 position before tax. The payout takes about 65% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does ARMOUR Residential REIT (ARR) pay a dividend?
Yes. ARMOUR Residential REIT distributes a dividend yielding roughly 17.49% as of August 2026, paid monthly, twelve times a year. The most recent payment on record was $0.24 per share, with an ex-dividend date of July 15, 2026. Annualized, that is about $2.88 per share.
For an agency mortgage REIT, ignore the price-to-earnings ratio and focus on book value per share, the dividend, and leverage. The stock typically trades close to (sometimes at a discount or premium to) book value, so book value is the anchor for valuation. GAAP earnings can be wildly positive or negative because of non-cash hedge marks, which is why ARMOUR reports distributable earnings as a cash-flow proxy for dividend coverage. Total economic return (the change in book value plus dividends paid) is the cleanest way to judge a quarter. The very high yield reflects high leverage and rate risk, not a free lunch: a large yield often comes with the chance of book-value and dividend erosion.
ARR dividend at a glance
| 2026-07-15 | $0.24 |
| 2026-06-15 | $0.24 |
| 2026-05-15 | $0.24 |
| 2026-04-15 | $0.24 |
| 2026-03-16 | $0.24 |
| 2026-02-17 | $0.24 |
ARR dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with ARR's investor relations page before relying on it.
Is the ARR dividend covered?
ARMOUR Residential REIT paid out about 65% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the ARR dividend has changed
The latest payment of $0.24 per share compares with $0.24 in the equivalent payment a year earlier (July 15, 2025). That is a change of 0.0% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on ARR's investor relations page.
What ARR's dividend means for you
- Income: about $1749 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for ARR the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How ARR dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the ARR dividend
ARMOUR Residential REIT (ARR) pays about 17.49%, or roughly $2.88 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the ARR guide. Walnut can show how ARR fits your real portfolio. It is not an investment adviser.
Investing in ARMOUR Residential REIT with AI
Connect the broker you already use and ask Walnut's AI how ARR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does ARMOUR Residential REIT (ARR) pay a dividend?
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Yes. ARMOUR Residential REIT pays a dividend yielding roughly 17.49% as of August 2026, paid monthly, twelve times a year. The most recent payment on record was $0.24 per share with an ex-dividend date of July 15, 2026. That works out to a forward annual rate of about $2.88 per share. Yields move with the share price, so verify the current figure with your broker or ARR's investor relations page before relying on it.
What is ARR's dividend yield?
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About 17.49% as of August 2026. On a $10,000 position that is roughly $1749 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so ARR yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does ARR pay its dividend?
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ARMOUR Residential REIT pays monthly, twelve times a year. The most recent payment on record had an ex-dividend date of July 15, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on ARR's investor relations page, because boards can change both the amount and the timing.
When is ARR's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is August 17, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check ARR's investor relations page for the next confirmed date.
Has ARMOUR Residential REIT raised its dividend recently?
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Not in the last year. The latest payment of $0.24 per share is unchanged from the $0.24 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.
Is ARR's dividend safe?
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ARMOUR Residential REIT paid out about 65% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in ARR?
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At a yield of about 17.49%, roughly $1749 a year before tax, spread across 12 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are ARR dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest ARR dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each ARR payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does ARR pay a dividend?
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Yes, and unusually it pays monthly rather than quarterly. The recent rate has been $0.24 per common share each month, about $2.88 per share annualized, which works out to a yield near 17% at recent prices. The high yield reflects the company's heavy leverage and rate sensitivity, and the dividend is not guaranteed: ARMOUR has cut it in past cycles when its spread or book value came under pressure.
Why does ARR report a GAAP loss but still pay its dividend?
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Agency mortgage REITs hedge with derivatives like interest-rate swaps, and those hedges are marked to market every quarter. Those non-cash marks can produce large GAAP gains or losses unrelated to cash flow. In Q1 2026 ARMOUR posted a $58.0 million GAAP net loss but still earned $90.5 million ($0.76 per share) of distributable earnings, the cash-flow measure it uses to gauge dividend coverage. That is why distributable earnings, not GAAP net income, is the figure to watch for the dividend.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with ARR's investor relations page or your broker before acting on them.