ARMOUR Residential REIT Management

Management criteria checks 3/4

ARMOUR Residential REIT's CEO is Scott Ulm, appointed in Mar 2020, has a tenure of 4.67 years. directly owns 0.11% of the company’s shares, worth €1.11M. The average tenure of the management team and the board of directors is 0.7 years and 15 years respectively.

Key information

Scott Ulm

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage	n/a
CEO tenure	4.7yrs
CEO ownership	0.1%
Management average tenure	less than a year
Board average tenure	15yrs

Recent management updates

Recent updates

CEO

Scott Ulm (66 yo)

4.7yrs

Tenure

US$1,660,400

Compensation

Mr. Scott Jeffrey Ulm has been the Co-Chief Executive Officer, Co-Vice Chairman, Chief Investment Officer and Head of Risk Management of ARMOUR Capital Management since November 2009. Mr. Ulm has been Chie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Ulm	CEO, Vice Chairman & Head of Risk Management	4.7yrs	US$1.66m	0.11% € 1.1m
Gordon Harper	CFO, Secretary & Controller	8.9yrs	US$498.12k	0.025% € 249.2k
Desmond Macauley	Co-Chief Investment Officer & Head of Risk Management	less than a year	no data	0.0018% € 17.9k
Sergey Losyev	Co-Chief Investment Officer	less than a year	no data	0.00010% € 1.0k
David Sayles	Managing Director for Portfolio & Risk Analysis	no data	no data	no data
Shane Rand	Head of Trading & Senior Portfolio Manager	less than a year	no data	no data

0.7yrs

Average Tenure

56yo

Average Age

Experienced Management: 2AR's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Ulm	CEO, Vice Chairman & Head of Risk Management	15yrs	US$1.66m	0.11% € 1.1m
Marc Bell	Director	15yrs	US$369.20k	0.035% € 352.1k
Daniel Staton	Non-Executive Chairman	15yrs	US$404.20k	0.043% € 431.4k
Stewart Paperin	Independent Director	15yrs	US$439.20k	0.045% € 446.6k
Robert Hain	Independent Director	15yrs	US$429.20k	0.016% € 161.9k
John Hollihan	Independent Director	15yrs	US$429.20k	0.021% € 213.1k
Carolyn Downey	Independent Director	11.2yrs	US$359.20k	0.035% € 345.3k
Z. Behar	Independent Director	5.3yrs	US$404.20k	0.018% € 176.9k

15.0yrs

Average Tenure

71yo

Average Age

Experienced Board: 2AR's board of directors are seasoned and experienced ( 15 years average tenure).

ARMOUR Residential REIT Management

Management criteria checks 3/4

Key information

Recent management updates

Non-Executive Chairman recently bought €180k worth of stock

Insufficient new directors

ARMOUR Residential REIT, Inc., Annual General Meeting, May 31, 2024

ARMOUR Residential REIT, Inc. Announces Executive Changes

ARMOUR Residential REIT, Inc. Announces Chief Financial Officer Changes

Thomas Guba Resigns from Board of Directors of ARMOUR Residential REIT, Inc

Recent updates

Dividend of US$0.24 announced

New major risk - Financial position

Armour Residential Reit, Inc. Announces Cash Dividend for November 2024, Payable on November 27, 2024

Non-Executive Chairman recently bought €180k worth of stock

Dividend of US$0.24 announced

Dividend of US$0.24 announced

ARMOUR Residential REIT, Inc. Announces September 2024 Cash Dividend, Payable on September 27, 2024

Dividend of US$0.24 announced

ARMOUR Residential REIT, Inc. Announces Cash Dividend for the Month of August 2024, Payable on August 29, 2024

ARMOUR Residential REIT, Inc. Confirms July 2024 Common Share Dividend, Payable on July 30, 2024

Dividend of US$0.24 announced

ARMOUR Residential REIT, Inc. Announces Dividend Guidance for July 2024, Payable on July 30, 2024

Dividend of US$0.24 announced

Insufficient new directors

ARMOUR Residential REIT, Inc. Announces Cash Dividend for June 2024, Payable on June 27, 2024

ARMOUR Residential REIT, Inc. Announces May 2024 Cash Dividend, Payable on May 28, 2024

ARMOUR Residential REIT, Inc., Annual General Meeting, May 31, 2024

ARMOUR Residential REIT, Inc. Confirms April 2024 Common Share Dividend, Payable on April 29, 2024

ARMOUR Residential REIT, Inc. Announces Executive Changes

ARMOUR Residential REIT, Inc. Announces Chief Financial Officer Changes

ARMOUR Residential REIT, Inc. announced delayed annual 10-K filing

Dividend of US$0.24 announced

ARMOUR Residential REIT, Inc. Announces Cash Dividend for March 2024, Payable on March 28, 2024

Upcoming dividend of US$0.24 per share at 15% yield

Thomas Guba Resigns from Board of Directors of ARMOUR Residential REIT, Inc

Dividend of US$0.24 announced

ARMOUR Residential REIT, Inc. Announces Cash Dividend for February 2024, Payable on February 28, 2024

Upcoming dividend of US$0.24 per share at 26% yield

Non-Executive Chairman recently sold €1.1m worth of stock

ARMOUR Residential REIT, Inc Announces Dividend Guidance for the Month of January 2024, Payable on January 30, 2024

ARMOUR Residential REIT, Inc Announces Guidance for the Month of January 2024, Payable on January 30, 2024

Upcoming dividend of US$0.40 per share at 26% yield

Upcoming dividend of US$0.40 per share at 30% yield

ARMOUR Residential REIT, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Insufficient new directors

Upcoming dividend of US$0.08 per share

Upcoming dividend of US$0.08 per share at 19% yield

New major risk - Dividend sustainability

Armour Residential REIT, Inc. Announces Cash Dividend for the Month of August 2023, Payable on August 30, 2023

ARMOUR Residential REIT, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$0.08 per share at 19% yield

ARMOUR Residential REIT, Inc. Confirms July 2023 Cash Dividend, Payable on July 28, 2023

ARMOUR Residential REIT, Inc. Announces Dividend Guidance for July 2023, Payable on July 28, 2023

Upcoming dividend of US$0.08 per share at 19% yield

ARMOUR Residential REIT, Inc. Announces June 2023 Cash Dividend, Payable on June 29, 2023

Upcoming dividend of US$0.08 per share at 20% yield

Upcoming dividend of US$0.08 per share at 18% yield

ARMOUR Residential REIT, Inc. Announces Dividend for the Month of March 2023, Payable on March 28, 2023

ARMOUR Residential REIT, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Upcoming dividend of US$0.10 per share at 19% yield

ARMOUR Residential REIT, Inc. Announces Cash Dividend for the Month of February 2023, Payable on February 27, 2023

ARMOUR Residential REIT, Inc. Confirms Cash Dividend for the Month of January 2023, Payable on January 30, 2023

Upcoming dividend of US$0.10 per share

ARMOUR Residential REIT, Inc. Announces Guidance for January 2023 Dividend, Payable on January 30, 2023

Co-CEO, Co-Vice Chairman & President recently sold €183k worth of stock

Upcoming dividend of US$0.10 per share

ARMOUR Residential REIT, Inc. Announces December 2022 Cash Dividend, Payable on December 28, 2022

Insufficient new directors

Upcoming dividend of US$0.10 per share

ARMOUR Residential REIT, Inc. Announces November 2022 Cash Dividend, Payable on November 28, 2022

ARMOUR Residential REIT, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.10 per share

ARMOUR Residential REIT, Inc. Announces Dividend Guidance for October 2022, Payable on October 28, 2022

Upcoming dividend of US$0.10 per share

ARMOUR Residential REIT, Inc. Announces Dividend for the Month of September 2022, Payable on September 29, 2022

Upcoming dividend of US$0.10 per share

Armour Residential Reit, Inc. Announces August 2022 Cash Dividend for the Common Stock, Payable on August 29, 2022

Upcoming dividend of US$0.10 per share

ARMOUR Residential Confirms the Cash Dividend Payable on July 29, 2022