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

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) announced a monthly dividend on Thursday, December 26th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 15.41%. The ex-dividend date of this dividend is Wednesday, January 15th.

ARMOUR Residential REIT has a 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 Trading Up 0.1 %

Shares of NYSE ARR traded up $0.01 during mid-day trading on Friday, hitting $18.69. The company had a trading volume of 1,222,292 shares, compared to its average volume of 1,256,896. The stock's 50-day moving average price is $19.04 and its 200-day moving average price is $19.75. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.92 and a beta of 1.49. ARMOUR Residential REIT has a 1 year low of $17.35 and a 1 year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its earnings results 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. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The business had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. As a group, equities research analysts forecast that ARMOUR Residential REIT will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a research note on Friday, October 25th.

Insiders Place Their Bets

In related news, Chairman Daniel C. Staton acquired 10,000 shares of the company's stock in a transaction dated Thursday, October 3rd. The stock was bought at an average cost of $19.86 per share, with a total value of $198,600.00. Following the acquisition, the chairman now owns 24,040 shares of the company's stock, valued at approximately $477,434.40. The trade was a 71.23 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Hain bought 2,500 shares of ARMOUR Residential REIT stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the director now owns 9,023 shares of the company's stock, valued at $172,158.84. The trade was 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.

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.