ARMOUR Residential REIT, Inc. (ARR) Plans Monthly Dividend of $0.19

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, December 26th, Zacks reports. Investors of record on Tuesday, January 16th will be given a dividend of 0.19 per share by the real estate investment trust on Monday, January 29th. This represents a $2.28 annualized dividend and a dividend yield of 9.05%. The ex-dividend date is Friday, January 12th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 22.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. ARMOUR Residential REIT has a payout ratio of 84.8% 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 $2.39 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.4%.

ARMOUR Residential REIT (NYSE ARR) opened at $25.20 on Friday. The company has a market capitalization of $1,055.10, a P/E ratio of 9.06 and a beta of 0.72. ARMOUR Residential REIT has a 52-week low of $20.81 and a 52-week high of $27.60.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $39.64 million during the quarter, compared to the consensus estimate of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter last year, the company earned $0.68 EPS. equities analysts forecast that ARMOUR Residential REIT will post 2.69 earnings per share for the current year.

In related news, COO Mark Gruber bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $25.38 per share, for a total transaction of $101,520.00. Following the transaction, the chief operating officer now directly owns 19,958 shares of the company’s stock, valued at $506,534.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Separately, Zacks Investment Research upgraded ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, October 31st.

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About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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