ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on September 15th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 18.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.1%annually over the last three years. ARMOUR Residential REIT has a 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 decline. Equities research analysts expect ARMOUR Residential REIT to earn $3.11 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 92.6%.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $15.85 on Friday. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31. The company has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $16.93. The firm has a market capitalization of $2.24 billion, a P/E ratio of 4.26 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $113.29 million during the quarter, compared to analyst estimates of $111.98 million. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%. As a group, sell-side analysts forecast that ARMOUR Residential REIT will post 2.93 earnings per share for the current year.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS). Its portfolio is focused mainly on securities issued or guaranteed by government-sponsored enterprises and U.S. government agencies, including Fannie Mae, Freddie Mac and Ginnie Mae.

The company seeks to generate income from its investment portfolio and finances its activities through arrangements such as repurchase agreements. ARMOUR also uses interest-rate hedging strategies and other financial instruments to manage exposure to changing interest rates, financing costs and market conditions.

ARMOUR Residential REIT was organized in 2007 and is externally managed by ARMOUR Capital Management LP.