ARMOUR Residential REIT, Inc. (NYSE:ARR) Declares $0.24 Monthly Dividend

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, January 29th. Investors of record on Tuesday, February 17th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, February 27th. This represents a c) annualized dividend and a yield of 16.4%. The ex-dividend date of this dividend is Tuesday, February 17th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.2%annually over the last three years. ARMOUR Residential REIT has a dividend payout ratio of 82.1% 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 $4.25 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 67.8%.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR traded down $0.83 during midday trading on Friday, reaching $17.55. The company had a trading volume of 2,972,411 shares, compared to its average volume of 4,043,015. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 438.35 and a beta of 1.44. The company has a fifty day simple moving average of $17.76 and a two-hundred day simple moving average of $16.46. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $19.31.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.