ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) announced a monthly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Tuesday, May 28th. This represents a $2.88 dividend on an annualized basis and a yield of 15.43%. The ex-dividend date of this dividend is Tuesday, May 14th.
ARMOUR Residential REIT has decreased its dividend payment by an average of 8.4% per year over the last three years. ARMOUR Residential REIT has a payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ARMOUR Residential REIT to earn $3.85 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 74.8%.
ARMOUR Residential REIT Trading Up 2.5 %
ARR traded up $0.45 during trading hours on Friday, hitting $18.66. The company’s stock had a trading volume of 487,738 shares, compared to its average volume of 1,157,207. The firm has a market capitalization of $909.68 million, a PE ratio of -9.76 and a beta of 1.48. The company has a 50-day simple moving average of $19.03 and a 200 day simple moving average of $18.46. ARMOUR Residential REIT has a fifty-two week low of $13.31 and a fifty-two week high of $27.00.
Analysts Set New Price Targets
View Our Latest Research Report on ARMOUR Residential REIT
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.
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