ARMOUR Residential REIT, Inc. (NYSE: ARR) Announces Q32021 Monthly Dividend, And ReneSola Ltd. (NYSE: SOL) Power Closes Projects Sale in Poland

ARMOUR Residential REIT, Inc. (NYSE: ARR) announced the July 2021 cash dividend for the company’s common stock. In addition, the company also announced a monthly cash dividend rate for the company’s series C preferred stock for Q3 2021.

ARMOUR Residential REIT, Inc. is taxed as a real estate investment trust (REIT)

The company is taxed as a real estate investment trust (REIT) for U.S. Federal income tax purposes by choice. Therefore, in a bid to keep up its tax status, it is mandatory for the company to at regular intervals distribute all of its ordinary REIT taxable income substantially. However, there is good news for stockholders. Annual profits earned during the year and the paid dividends that surpass the current tax earnings will generally not be taxable to common stockholders.

The Board of Directors of the company decide the actual dividends

The board of directors of ARMOUR Residential REIT, Inc. decides the actual dividends. Various factors like cash flows, financial status, revealing marketing conditions, anticipated opportunities, company results, capital requirements, among other factors, are taken into consideration before declaring dividends. 

ReneSola Ltd. (NYSE: SOL) announces closing of the sale of a 38 MW portfolio of solar projects located in Poland 

ReneSola Ltd. (NYSE: SOL), in a statement, announced that the company is concluding the sale of a 38 MW portfolio of solar projects located in Poland. One of the leading international solar investment companies based out of Aarhus, Denmark, makes the purchase. 

About 38 solar utility projects in Poland, equipped with a capacity of 1 MW for each, are a part of the portfolio. ReneSola Ltd. took over the projects in the country’s solar power auction hosted in December 2020. The solar utility projects meet the requirements of Poland’s Contract for Difference (CFD) regime. Additionally, they qualify for a 15-year guaranteed tariff. If all falls in place within the next year, the projects can be grid-connected. Under the Notice to Proceed (NTP) stage, the projects are being sold.