ARMOUR Residential REIT, Inc. (NYSE:ARR) Shareholders to Receive $0.24 Monthly Dividend

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, October 20th. Investors of record on Monday, November 16th will be paid a dividend of $0.24 per share by the real estate investment trust on Friday, November 27th. This represents a $2.88 annualized dividend and a dividend yield of 22.3%. The ex-dividend date of this dividend is Monday, November 16th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.1% 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 tumble. Research analysts expect ARMOUR Residential REIT to earn $3.11 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 92.6%.

ARMOUR Residential REIT Stock Performance

Shares of ARMOUR Residential REIT stock traded up $0.22 during trading on Wednesday, hitting $12.90. 1,397,963 shares of the company’s stock were exchanged, compared to its average volume of 3,732,006. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 3.47 and a beta of 1.42. The business has a 50-day simple moving average of $15.04 and a 200-day simple moving average of $16.33. ARMOUR Residential REIT has a 52-week low of $12.27 and a 52-week high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $113.29 million during the quarter, compared to analysts’ expectations of $111.98 million. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%. On average, equities analysts anticipate that ARMOUR Residential REIT will post 2.93 earnings per share for the current fiscal year.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities. Its portfolio generally consists of securities issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by U.S. government agencies such as Ginnie Mae.

The company invests in a range of agency mortgage securities, including fixed-rate and adjustable-rate mortgage pass-through securities, collateralized mortgage obligations, specified pools and to-be-announced securities.