ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, September 25th, Wall Street Journal reports. Investors of record on Monday, October 15th will be given a dividend of 0.19 per share by the real estate investment trust on Monday, October 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date is Friday, October 12th.

ARMOUR Residential REIT has decreased its dividend by an average of 22.0% annually over the last three years and has increased its dividend every year for the last 3 years. ARMOUR Residential REIT has a dividend payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect ARMOUR Residential REIT to earn $2.40 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 95.0%.

NYSE:ARR traded down $0.18 during mid-day trading on Wednesday, reaching $22.51. The company’s stock had a trading volume of 8,987 shares, compared to its average volume of 401,714. ARMOUR Residential REIT has a twelve month low of $21.40 and a twelve month high of $27.29. The firm has a market cap of $953.03 million, a price-to-earnings ratio of 8.66 and a beta of 0.60.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. ARMOUR Residential REIT had a return on equity of 9.76% and a net margin of 48.96%. The firm had revenue of $22.91 million for the quarter. equities analysts predict that ARMOUR Residential REIT will post 2.45 earnings per share for the current year.

In related news, CFO James R. Mountain bought 1,421 shares of the company’s stock in a transaction that occurred on Thursday, June 28th. The shares were acquired at an average cost of $22.86 per share, for a total transaction of $32,484.06. Following the acquisition, the chief financial officer now owns 31,000 shares in the company, valued at approximately $708,660. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Hain sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $23.57, for a total value of $35,355.00. Following the sale, the director now owns 1,431 shares in the company, valued at $33,728.67. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of brokerages have issued reports on ARR. Barclays set a $21.00 price target on ARMOUR Residential REIT and gave the stock a “sell” rating in a research note on Saturday, July 28th. ValuEngine upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Thursday, July 5th.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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