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.

ILLEGAL ACTIVITY NOTICE: “ARMOUR Residential REIT, Inc. (ARR) Plans $0.19 Monthly Dividend” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://theolympiareport.com/2018/02/13/armour-residential-reit-inc-arr-plans-0-19-monthly-dividend.html.

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)

Receive News & Ratings for ARMOUR Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.