ARLINGTON, Va., Dec. 20, 2010 /PRNewswire-FirstCall/ -- Arlington Asset Investment Corp. (NYSE : AI ) today announced that its Board of Directors declared a quarterly dividend of $0.60 per share for the fourth quarter of 2010. The dividend will be payable on January 31, 2011 to shareholders of record on December 31, 2010.
During the fourth quarter of 2010, the Company repurchased 20,969 shares of its Class A common stock at an average price of $23.96 per share. The Company now has remaining authorization to repurchase up to 256,185 shares of its Class A common stock under its current repurchase program.
About the Company
Arlington Asset Investment Corp. (NYSE : AI ) is a principal investment firm that invests primarily in mortgage-related assets. The Company is headquartered in the Washington, D.C. metropolitan area. For more information, please visit www.arlingtonasset.com.
Statements concerning future performance, returns, plans and steps to position the Company to realize value, and any other guidance on present or future periods, constitute forward-looking statements that are subject to a number of factors, risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances. These factors include, but are not limited to, changes in interest rates, increased costs and reduced availability of borrowing, decreased interest spreads, changes in default rates, preservation of our net operating loss and net capital loss carry-forwards, impacts of regulatory changes and changes to Fannie Mae and Freddie Mac, availability of opportunities that meet or exceed our risk adjusted return expectations, ability and willingness to make future dividends, ability to generate sufficient cash through retained earnings to satisfy capital needs, ability to grow book value, changes in mortgage pre-payment speeds, risks associated with merchant banking investments, the realization of gains and losses on principal investments, continuation or cessation of share repurchases, changes in tax rates and laws, available technologies, competition for business and personnel, and general economic, political, regulatory and market conditions. These and other risks are described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q that are available from the Company and from the SEC and you should read and understand these risks when evaluating any forward-looking statement.
SOURCE Arlington Asset Investment Corp.