ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on June 29th

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Free Report) 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 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 fall. 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 Stock Performance

NYSE:ARR opened at $17.15 on Friday. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31. The firm has a market cap of $2.13 billion, a P/E ratio of 8.93 and a beta of 1.39. The firm has a 50-day simple moving average of $17.05 and a 200-day simple moving average of $17.42.

ARMOUR Residential REIT (NYSE:ARRGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, beating 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 business had revenue of $70.71 million during the quarter, compared to analyst estimates of $155.79 million. On average, research analysts predict that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal year.

ARMOUR Residential REIT Company Profile

(Get Free Report)

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.

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Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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