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

ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) declared a monthly dividend on Tuesday, July 21st. Stockholders of record on Monday, August 17th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%. The ex-dividend date of this dividend is Monday, August 17th.

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 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 $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%.

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ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $16.43 on Wednesday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 8.56 and a beta of 1.36. ARMOUR Residential REIT has a fifty-two week low of $13.98 and a fifty-two week high of $19.31. The firm’s 50-day simple moving average is $16.97 and its 200 day simple moving average is $17.39.

ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The company had revenue of $70.71 million for the quarter, compared to analyst estimates of $155.79 million. On average, sell-side analysts predict that ARMOUR Residential REIT will post 2.82 EPS for the current year.

About ARMOUR Residential REIT

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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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