ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on May 28th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Friday, May 15th.

ARMOUR Residential REIT has decreased its dividend 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 fall. Research analysts expect ARMOUR Residential REIT to earn $3.20 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 90.0%.

ARMOUR Residential REIT Stock Performance

ARR opened at $17.56 on Thursday. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31. The stock’s fifty day moving average is $17.33 and its 200-day moving average is $17.21. The company has a market capitalization of $2.16 billion, a PE ratio of 6.43 and a beta of 1.42.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.30% and a net margin of 40.31%.The company had revenue of $70.71 million for the quarter, compared to the consensus estimate of $155.79 million. On average, equities research analysts forecast that ARMOUR Residential REIT will post 3.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of ARMOUR Residential REIT by 620.6% in the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,570 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ARMOUR Residential REIT by 217.5% in the fourth quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,179 shares during the period. Signaturefd LLC boosted its holdings in shares of ARMOUR Residential REIT by 210.9% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,198 shares during the period. Allworth Financial LP boosted its holdings in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 685 shares during the period. Finally, Danske Bank A S acquired a new position in shares of ARMOUR Residential REIT in the third quarter worth about $42,000. 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.