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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, September 24th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.24 per share by the real estate investment trust on Thursday, October 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 20.5%. The ex-dividend date of this dividend is Thursday, October 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% 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 $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

ARR opened at $14.07 on Friday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.79 and a beta of 1.36. The company’s 50 day simple moving average is $16.09 and its two-hundred day simple moving average is $16.73. ARMOUR Residential REIT has a 1-year low of $14.05 and a 1-year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $113.29 million for the quarter, compared to analyst estimates of $111.98 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. On average, equities analysts anticipate that ARMOUR Residential REIT will post 2.93 earnings per share for the current fiscal year.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS). Its portfolio is focused mainly on securities issued or guaranteed by government-sponsored enterprises and U.S. government agencies, including Fannie Mae, Freddie Mac and Ginnie Mae.

The company seeks to generate income from its investment portfolio and finances its activities through arrangements such as repurchase agreements. ARMOUR also uses interest-rate hedging strategies and other financial instruments to manage exposure to changing interest rates, financing costs and market conditions.

ARMOUR Residential REIT was organized in 2007 and is externally managed by ARMOUR Capital Management LP.