ARMOUR Residential REIT, Inc. (NYSE:ARR) to Issue Monthly Dividend of $0.24

Key Points

• ARMOUR Residential REIT has declared a monthly dividend of $0.24, with an annualized yield of 18.3%, payable on November 28th to stockholders of record by November 17th.
• The company's current payout ratio stands at 82.1%, with analysts forecasting earnings of $4.25 per share for the next year, indicating a future payout ratio of 67.8%.
• As of the latest report, ARMOUR Residential REIT has a market cap of $1.44 billion and is trading at approximately $15.70 per share, reflecting a 0.3% decrease in value.

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) declared a monthly dividend on Tuesday, October 21st. Stockholders of record on Monday, November 17th will be given a dividend of 0.24 per share by the real estate investment trust on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 18.3%. The ex-dividend date of this dividend is Monday, November 17th.

ARMOUR Residential REIT has a payout ratio of 82.1% meaning 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 Trading Down 0.3%

ARR opened at $15.70 on Wednesday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -65.39 and a beta of 1.41. ARMOUR Residential REIT has a 12 month low of $13.18 and a 12 month high of $20.01. The stock has a fifty day moving average price of $15.20 and a 200-day moving average price of $15.82.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.The business had revenue of $84.19 million for the quarter, compared to analysts' expectations of $52.77 million. On average, equities research analysts forecast that ARMOUR Residential REIT will post 3.8 EPS for the current year.

Institutional Trading of ARMOUR Residential REIT

Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in ARMOUR Residential REIT by 184.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,425 shares during the last quarter. Allworth Financial LP grew its stake in ARMOUR Residential REIT by 139.1% during the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,556 shares during the last quarter. Russell Investments Group Ltd. grew its stake in ARMOUR Residential REIT by 80.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 1,471 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ARMOUR Residential REIT during the 2nd quarter valued at about $55,000. Finally, Spire Wealth Management grew its stake in ARMOUR Residential REIT by 311.2% during the 2nd quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 2,564 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

About ARMOUR Residential REIT

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.