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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.24 per share by the real estate investment trust on Friday, November 27th. This represents a $2.88 dividend on an annualized basis and a yield of 22.3%. The ex-dividend date is Monday, November 16th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1% annually over the last three years. ARMOUR Residential REIT has a dividend 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 fall. Equities 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

Shares of NYSE:ARR traded up $0.23 during trading on Wednesday, hitting $12.90. The company had a trading volume of 1,315,813 shares, compared to its average volume of 3,730,963. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 3.47 and a beta of 1.42. ARMOUR Residential REIT has a one year low of $12.27 and a one year high of $19.31. The company has a fifty day simple moving average of $15.04 and a two-hundred day simple moving average of $16.33.

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

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities. Its portfolio generally consists of securities issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by U.S. government agencies such as Ginnie Mae.

The company invests in a range of agency mortgage securities, including fixed-rate and adjustable-rate mortgage pass-through securities, collateralized mortgage obligations, specified pools and to-be-announced securities.