ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on November 17th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, October 21st. Investors of record on Monday, November 17th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, November 28th. This represents a c) annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Monday, November 17th.

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 $4.25 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 67.8%.

ARMOUR Residential REIT Price Performance

ARR stock opened at $15.79 on Thursday. The company has a market cap of $1.45 billion, a P/E ratio of -65.77 and a beta of 1.41. The stock’s fifty day moving average price is $15.21 and its 200-day moving average price is $15.82. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $19.77.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $84.19 million during the quarter, compared to analysts’ expectations of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. As a group, analysts expect that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.