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

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, March 27th. This represents a $2.88 annualized dividend and a yield of 15.01%. The ex-dividend date is Monday, March 17th.

ARMOUR Residential REIT has a dividend payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.1 %

Shares of ARR traded down $0.03 during mid-day trading on Friday, hitting $19.19. 3,831,995 shares of the company traded hands, compared to its average volume of 2,126,560. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.13 and a beta of 1.48. The business has a 50-day moving average of $18.81 and a 200 day moving average of $19.42. ARMOUR Residential REIT has a one year low of $17.35 and a one year high of $21.93.

Insider Activity at ARMOUR Residential REIT

In other news, Director Stewart J. Paperin sold 24,852 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now directly owns 6,793 shares in the company, valued at $122,749.51. The trade was a 26.90 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ARR has been the topic of several research reports. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a "neutral" rating on the stock. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report 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. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.50.

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.