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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 15th will be given 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 dividend yield of 17.6%. The ex-dividend date is Tuesday, September 15th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.1%per year 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. Equities 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 stock opened at $16.41 on Friday. The stock’s 50-day moving average is $16.70 and its two-hundred day moving average is $17.06. ARMOUR Residential REIT has a fifty-two week low of $13.98 and a fifty-two week high of $19.31. The firm has a market cap of $2.32 billion, a P/E ratio of 4.41 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $113.29 million during the quarter, compared to analysts’ expectations of $111.98 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. As a group, research analysts expect that ARMOUR Residential REIT will post 2.93 EPS for the current year.

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.