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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, June 24th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, July 30th. This represents a c) annualized dividend and a yield of 17.0%. The ex-dividend date is Wednesday, July 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 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 $3.00 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 Stock Up 0.9%

Shares of NYSE:ARR opened at $16.95 on Thursday. The firm has a market capitalization of $2.10 billion, a PE ratio of 8.83 and a beta of 1.36. ARMOUR Residential REIT has a twelve month low of $13.98 and a twelve month high of $19.31. The company has a 50-day moving average price of $17.14 and a two-hundred day moving average price of $17.42.

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