ARMOUR Residential REIT, Inc. (NYSE:ARR) Plans Monthly Dividend of $0.24

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, July 21st. Shareholders of record on Monday, August 17th will be given a dividend of 0.24 per share by the real estate investment trust on Friday, August 28th. This represents a c) annualized dividend and a yield of 17.5%. The ex-dividend date of this dividend is Monday, August 17th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%per year 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 $3.00 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 Trading Up 0.2%

Shares of NYSE:ARR opened at $16.43 on Wednesday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.56 and a beta of 1.36. ARMOUR Residential REIT has a 12-month low of $13.98 and a 12-month high of $19.31. The business has a 50-day moving average price of $16.97 and a 200 day moving average price of $17.39.

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

Institutional Trading of ARMOUR Residential REIT

A number of institutional investors and hedge funds have recently made changes to their positions in ARR. JPMorgan Chase & Co. increased its position in shares of ARMOUR Residential REIT by 191.7% in the third quarter. JPMorgan Chase & Co. now owns 215,416 shares of the real estate investment trust’s stock worth $3,218,000 after acquiring an additional 141,568 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of ARMOUR Residential REIT during the 1st quarter valued at approximately $1,458,000. GraniteShares Advisors LLC acquired a new stake in shares of ARMOUR Residential REIT in the 4th quarter valued at about $2,726,000. Tudor Investment Corp ET AL acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $1,280,000. Finally, UBS Group AG increased its stake in ARMOUR Residential REIT by 4.1% during the fourth quarter. UBS Group AG now owns 1,154,875 shares of the real estate investment trust’s stock valued at $20,430,000 after purchasing an additional 45,023 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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.