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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, December 26th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given 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 yield of 15.41%. The ex-dividend date is Wednesday, January 15th.

ARMOUR Residential REIT has a dividend payout ratio of 71.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NYSE:ARR traded up $0.01 during trading on Friday, hitting $18.69. The company’s stock had a trading volume of 1,222,292 shares, compared to its average volume of 1,256,896. The company has a market capitalization of $1.04 billion, a PE ratio of 7.92 and a beta of 1.49. The business has a 50 day moving average price of $19.04 and a two-hundred day moving average price of $19.75. 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 announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. As a group, equities analysts expect that ARMOUR Residential REIT will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Robert C. Hain purchased 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $19.08 per share, with a total value of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. This trade represents a 38.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Daniel C. Staton purchased 10,000 shares of the stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, with a total value of $198,600.00. Following the completion of the acquisition, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. The trade was a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

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.