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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Wednesday, March 25th. Investors of record on Wednesday, April 15th will be given a dividend of 0.24 per share by the real estate investment trust on Wednesday, April 29th. This represents a c) annualized dividend and a yield of 18.0%. The ex-dividend date is Wednesday, April 15th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.1%annually over the last three years. 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 fall. 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 Stock Down 2.5%

Shares of NYSE ARR opened at $15.99 on Friday. The stock’s 50-day simple moving average is $17.66 and its two-hundred day simple moving average is $16.90. ARMOUR Residential REIT has a twelve month low of $13.18 and a twelve month high of $19.31. The firm has a market capitalization of $1.96 billion, a P/E ratio of 5.86 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $236.50 million for the quarter, compared to the consensus estimate of $62.34 million. ARMOUR Residential REIT had a net margin of 40.31% and a return on equity of 15.30%. As a group, research analysts anticipate that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Company Profile

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.