ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on June 15th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, May 28th. Stockholders of record on Monday, June 15th will be given a dividend of 0.24 per share by the real estate investment trust on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 16.8%. The ex-dividend date of this dividend is Monday, June 15th.

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 tumble. 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

ARR opened at $17.11 on Friday. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31. The stock has a market capitalization of $2.12 billion, a P/E ratio of 8.91 and a beta of 1.36. The company’s 50 day simple moving average is $17.23 and its 200-day simple moving average is $17.45.

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

About ARMOUR Residential REIT

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.