ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, January 30th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 10.21%. The ex-dividend date of this dividend is Wednesday, February 14th.

ARMOUR Residential REIT has decreased its dividend by an average of 22.0% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. ARMOUR Residential REIT has a dividend payout ratio of 84.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect ARMOUR Residential REIT to earn $2.39 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.4%.

Shares of ARMOUR Residential REIT (ARR) opened at $22.33 on Friday. ARMOUR Residential REIT has a 12 month low of $21.30 and a 12 month high of $27.60. The company has a market cap of $940.79, a P/E ratio of 4.41 and a beta of 0.54.

Separately, Zacks Investment Research cut shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

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ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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