ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) declared a monthly dividend on Tuesday, February 17th. Shareholders of record on Monday, March 16th will be given a dividend of 0.24 per share by the real estate investment trust on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Monday, March 16th.
ARMOUR Residential REIT has decreased its dividend by an average of 0.2%annually over the last three years. ARMOUR Residential REIT has a 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 decline. 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
Shares of NYSE:ARR traded down $0.23 on Wednesday, reaching $17.56. The company’s stock had a trading volume of 707,324 shares, compared to its average volume of 3,928,879. The stock’s 50-day moving average is $17.88 and its two-hundred day moving average is $16.56. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $19.31. The stock has a market capitalization of $1.96 billion, a P/E ratio of 439.38 and a beta of 1.46.
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.
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