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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, September 24th. Shareholders of record on Wednesday, October 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, October 30th. This represents a c) dividend on an annualized basis and a yield of 18.4%. The ex-dividend date of this dividend is Wednesday, October 15th.

ARMOUR Residential REIT has a dividend 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 analysts expect ARMOUR Residential REIT to earn $4.25 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 67.8%.

ARMOUR Residential REIT Trading Down 0.6%

ARR opened at $15.67 on Monday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -65.27 and a beta of 1.41. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $20.39. The business’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $15.86.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The business had revenue of $84.19 million during the quarter, compared to analysts’ expectations of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, equities research analysts predict that ARMOUR Residential REIT will post 3.8 EPS for the current year.

About ARMOUR Residential REIT

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.