ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, December 26th, Zacks reports. Stockholders of record on Tuesday, January 16th will be given a dividend of 0.19 per share by the real estate investment trust on Monday, January 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Friday, January 12th.
ARMOUR Residential REIT has decreased its dividend by an average of 22.0% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. ARMOUR Residential REIT has a dividend payout ratio of 84.8% 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 $2.39 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.4%.
ARMOUR Residential REIT (ARR) opened at $25.08 on Friday. ARMOUR Residential REIT has a one year low of $20.81 and a one year high of $27.60. The company has a market cap of $1,050.07, a PE ratio of 4.96 and a beta of 0.72.
In related news, COO Mark Gruber purchased 4,000 shares of the stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $25.38 per share, with a total value of $101,520.00. Following the acquisition, the chief operating officer now directly owns 19,958 shares in the company, valued at $506,534.04. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.
Separately, Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.
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ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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