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

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Free Report) announced a monthly dividend on Wednesday, June 24th. Investors of record on Wednesday, July 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, July 30th. This represents a c) annualized dividend and a yield of 17.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%per year over the last three years. ARMOUR Residential REIT has a dividend 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 tumble. Equities analysts expect ARMOUR Residential REIT to earn $3.00 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 96.0%.

ARMOUR Residential REIT Price Performance

NYSE ARR opened at $16.95 on Thursday. ARMOUR Residential REIT has a 12 month low of $13.98 and a 12 month high of $19.31. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 8.83 and a beta of 1.36. The company’s fifty day moving average price is $17.14 and its two-hundred day moving average price is $17.42.

ARMOUR Residential REIT (NYSE:ARRGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The company had revenue of $70.71 million during the quarter, compared to analyst estimates of $155.79 million. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. As a group, analysts anticipate that ARMOUR Residential REIT will post 2.82 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP boosted its holdings in shares of ARMOUR Residential REIT by 620.6% in the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,570 shares during the period. GAMMA Investing LLC raised its stake in ARMOUR Residential REIT by 217.5% during the fourth quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,179 shares during the period. Signaturefd LLC raised its stake in ARMOUR Residential REIT by 210.9% during the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,198 shares during the period. Allworth Financial LP lifted its holdings in ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 685 shares during the last quarter. Finally, Danske Bank A S bought a new position in ARMOUR Residential REIT in the third quarter worth about $42,000. 54.17% of the stock is currently owned by institutional investors.

About ARMOUR Residential REIT

(Get Free Report)

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.

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Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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