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

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) declared a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, February 27th. This represents a $2.88 annualized dividend and a dividend yield of 15.30%. The ex-dividend date of this dividend is Friday, February 14th.

ARMOUR Residential REIT has a dividend payout ratio of 63.4% meaning 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 Stock Up 0.4 %

ARMOUR Residential REIT stock traded up $0.07 during midday trading on Tuesday, hitting $18.82. The company's stock had a trading volume of 1,934,669 shares, compared to its average volume of 2,271,024. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93. The stock's 50-day moving average price is $18.82 and its 200-day moving average price is $19.52. The company has a market capitalization of $1.05 billion, a PE ratio of 7.98 and a beta of 1.48.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now directly owns 363 shares of the company's stock, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Hain purchased 2,500 shares of ARMOUR Residential REIT stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $19.08 per share, for a total transaction 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 represents a 38.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

ARR has been the subject of several recent analyst reports. StockNews.com upgraded shares of ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a report on Friday, October 25th. JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. Finally, B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th.

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.