Armour Residential Plans Monthly Dividend of $0.07 (ARR)

Armour Residential (NYSE:ARR) announced a monthly dividend on Friday, June 14th, Stock Ratings Network.com reports. Stockholders of record on Monday, September 16th will be paid a dividend of $0.07 per share on Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 17.39%. The ex-dividend date is Thursday, September 12th.

ARR has been the subject of a number of recent research reports. Analysts at Sandler O’Neill cut their price target on shares of Armour Residential from $7.00 to $5.00 in a research note to investors on Tuesday. On the ratings front, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Armour Residential in a research note to investors on Tuesday, April 16th. They set a “market perform” rating on the stock. Finally, analysts at Barclays Capital downgraded shares of Armour Residential from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, April 1st. They now have a $6.50 price target on the stock, down previously from $8.00.

One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Armour Residential currently has an average rating of “Hold” and an average price target of $6.63.

Shares of Armour Residential (NYSE: ARR) traded down 1.83% during mid-day trading on Friday, hitting $4.83. Armour Residential has a 52 week low of $4.49 and a 52 week high of $7.98. The stock’s 50-day moving average is currently $5.72.

Armour Residential (NYSE: ARR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. On average, analysts predict that Armour Residential will post $0.84 earnings per share for the current fiscal year.

ARMOUR Residential REIT, Inc. (NYSE: ARR), formerly Enterprise Acquisition Corp.

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