ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on January 30th

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Free Report) declared a monthly dividend on Thursday, December 26th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, January 30th. This represents a $2.88 annualized dividend and a yield of 15.71%. The ex-dividend date is Wednesday, January 15th.

ARMOUR Residential REIT has a payout ratio of 57.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ARMOUR Residential REIT to earn $4.11 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 70.1%.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $18.33 on Monday. The firm has a market cap of $1.02 billion, a P/E ratio of 7.77 and a beta of 1.47. ARMOUR Residential REIT has a one year low of $17.35 and a one year high of $21.93. The stock’s 50 day moving average is $18.92 and its 200 day moving average is $19.71.

ARMOUR Residential REIT (NYSE:ARRGet Free Report) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. Equities analysts anticipate that ARMOUR Residential REIT will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert C. Hain acquired 2,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares of the company’s stock, valued at $172,158.84. The trade was a 38.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

View Our Latest Analysis on ARMOUR Residential REIT

ARMOUR Residential REIT Company Profile

(Get Free Report)

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

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Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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