ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, January 30th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 10.03%. The ex-dividend date is Wednesday, February 14th.

ARMOUR Residential REIT has decreased its dividend by an average of 22.0% per year over the last three years and has increased its dividend every year for the last 3 years. ARMOUR Residential REIT has a dividend payout ratio of 84.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 (NYSE ARR) opened at $22.74 on Tuesday. ARMOUR Residential REIT has a twelve month low of $21.30 and a twelve month high of $27.60. The firm has a market capitalization of $939.11, a price-to-earnings ratio of 8.07 and a beta of 0.54.

Separately, Zacks Investment Research raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, October 31st.

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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).

Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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