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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Friday, December 27th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, January 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.41%. The ex-dividend date is Wednesday, January 15th.

ARMOUR Residential REIT has a dividend payout ratio of 71.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ARMOUR Residential REIT to earn $4.11 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 70.1%.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded up $0.01 during trading hours on Friday, hitting $18.69. The company had a trading volume of 822,681 shares, compared to its average volume of 1,255,134. The firm’s fifty day moving average is $19.04 and its 200-day moving average is $19.75. The firm has a market capitalization of $1.04 billion, a P/E ratio of 7.92 and a beta of 1.49. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. Analysts anticipate that ARMOUR Residential REIT will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Insider Buying and Selling at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton purchased 10,000 shares of the stock in a transaction dated Thursday, October 3rd. The shares were bought at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the transaction, the chairman now owns 24,040 shares in the company, valued at $477,434.40. This trade represents a 71.23 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Hain acquired 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of $19.08 per share, with a total value of $47,700.00. Following the transaction, the director now directly owns 9,023 shares in the company, valued at $172,158.84. The trade was a 38.33 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

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.