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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, June 24th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 16.9%. The ex-dividend date of this dividend is Wednesday, July 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Down 0.0%

NYSE ARR opened at $17.05 on Monday. ARMOUR Residential REIT has a fifty-two week low of $13.98 and a fifty-two week high of $19.31. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 8.88 and a beta of 1.36. The business has a fifty day moving average of $17.06 and a 200-day moving average of $17.43.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. The business had revenue of $70.71 million for the quarter, compared to the consensus estimate of $155.79 million. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%. As a group, analysts anticipate that ARMOUR Residential REIT will post 2.82 EPS for the current year.

About ARMOUR Residential REIT

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.