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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%annually over the last three years. ARMOUR Residential REIT has a payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

Shares of ARR opened at $16.41 on Friday. The company has a market cap of $2.32 billion, a PE ratio of 4.41 and a beta of 1.37. The firm has a 50-day moving average of $16.70 and a 200-day moving average of $17.06. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%.The company had revenue of $113.29 million during the quarter, compared to the consensus estimate of $111.98 million. Analysts expect that ARMOUR Residential REIT will post 2.93 earnings per share for the current year.

About ARMOUR Residential REIT

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.