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ARMOUR Residential REIT, Inc. (ARR) Reports 19.75% Annualized Dividend Rate for Q4 2010

VERO BEACH, Fla., Dec. 10, 2010 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE Amex:ARR) (NYSE Amex:ARR.WS) (“ARMOUR” or the “Company”) today announced that its Board of Directors has declared a $0.36 dividend payable to shareholders of record on Monday, December 20. The dividend will be paid on Monday, December 27, 2010.

The Company’s Board of Directors also announced that the Q1 2011 monthly dividend rate will be $0.12 payable as follows:

Record Date Payment Date
January 15, 2011 January 28, 2011
February 15, 2011 February 25, 2011
March 15, 2011 March 30, 2011

ARMOUR Residential REIT, Inc.

ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities, or RMBS, issued or guaranteed by U.S. Government-chartered entities.   ARMOUR is externally managed and advised by ARMOUR RESIDENTIAL MANAGEMENT LLC (“ARRM”).  ARMOUR Residential REIT, Inc. intends to qualify to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes, commencing with ARMOUR’s taxable year ending December 31, 2009.

Safe Harbor

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.  Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events.  Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.  These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Additional information concerning these and other risk factors is contained in the Company’s most recent filings with the Securities and Exchange Commission (“SEC”).  All subsequent written and oral forward-looking statements concerning the Company are expressly qualified in their entirety by the cautionary statements above.  The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.

Additional Information and Where to Find It

Investors, security holders and other interested persons may find additional information regarding the Company at the SEC’s Internet site at, or the Company website  or by directing requests to: ARMOUR Residential REIT, Inc., 956 Beachland Blvd., Suite #11, Vero Beach, Florida 32963, Attention: Investor Relations.

CONTACT:  ARMOUR Residential REIT, Inc.
          Investor Contact:
          Jeffrey Zimmer, Co-Chief Executive Officer,
           President and Vice Chairman
          (772) 617-4340
Friday, December 10th, 2010 Uncategorized