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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, July 21st. Shareholders of record on Monday, August 17th will be given a dividend of 0.24 per share by the real estate investment trust on Friday, August 28th. This represents a c) annualized dividend and a yield of 17.5%. The ex-dividend date of this dividend is Monday, August 17th.

ARMOUR Residential REIT has decreased its dividend 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 tumble. Research analysts expect ARMOUR Residential REIT to earn $3.00 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 96.0%.

ARMOUR Residential REIT Price Performance

NYSE ARR opened at $16.43 on Wednesday. ARMOUR Residential REIT has a 1-year low of $13.98 and a 1-year high of $19.31. The business has a 50 day simple moving average of $16.97 and a two-hundred day simple moving average of $17.39. The stock has a market capitalization of $2.04 billion, a PE ratio of 8.56 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The business had revenue of $70.71 million for the quarter, compared to analysts’ expectations of $155.79 million. On average, analysts anticipate that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal 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.