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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, December 23rd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, January 29th. This represents a c) annualized dividend and a yield of 16.4%. The ex-dividend date is Thursday, January 15th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.2%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 decline. 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 Stock Performance

ARMOUR Residential REIT stock traded up $0.05 during trading on Wednesday, reaching $17.56. The company had a trading volume of 119,970 shares, compared to its average volume of 3,031,964. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 439.63 and a beta of 1.45. The stock’s 50 day moving average price is $16.71 and its two-hundred day moving average price is $16.16. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $19.33.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The firm had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, research analysts expect that ARMOUR Residential REIT will post 3.8 earnings per share 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.