ARMOUR Residential REIT, Inc. (NYSE:ARR) Announces $0.17 Monthly Dividend

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ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Monday, August 26th, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.17 per share by the real estate investment trust on Friday, September 27th. This represents a $2.04 dividend on an annualized basis and a yield of 12.45%. The ex-dividend date is Friday, September 13th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 16.3% annually over the last three years. ARMOUR Residential REIT has a dividend payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect ARMOUR Residential REIT to earn $2.15 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 94.9%.

ARR traded down $0.04 during trading on Wednesday, reaching $16.38. 9,251 shares of the company’s stock were exchanged, compared to its average volume of 756,837. The company’s fifty day moving average price is $17.74 and its 200-day moving average price is $18.86. ARMOUR Residential REIT has a fifty-two week low of $16.31 and a fifty-two week high of $24.07. The firm has a market capitalization of $971.90 million, a PE ratio of 6.55 and a beta of 0.67.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. ARMOUR Residential REIT had a negative net margin of 124.06% and a positive return on equity of 10.62%. The firm had revenue of $40.86 million during the quarter. Equities research analysts forecast that ARMOUR Residential REIT will post 2.3 earnings per share for the current year.

ARR has been the subject of a number of analyst reports. Barclays set a $18.00 target price on shares of ARMOUR Residential REIT and gave the stock a “sell” rating in a report on Friday, July 26th. Zacks Investment Research lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock currently has an average rating of “Sell” and a consensus price target of $20.33.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

Further Reading: What is the Producer Price Index (PPI)?

Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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