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

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) announced a monthly dividend on Monday, June 24th, NASDAQ reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.24 per share by the real estate investment trust on Tuesday, July 30th. This represents a $2.88 annualized dividend and a yield of 14.84%. The ex-dividend date is Monday, July 15th.

ARMOUR Residential REIT has a dividend payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ARMOUR Residential REIT to earn $3.85 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 74.8%.

ARMOUR Residential REIT Stock Down 0.6 %

Shares of ARR stock traded down $0.11 during mid-day trading on Tuesday, hitting $19.41. 591,049 shares of the company's stock were exchanged, compared to its average volume of 1,081,616. The stock has a market cap of $946.28 million, a price-to-earnings ratio of -26.96 and a beta of 1.51. ARMOUR Residential REIT has a fifty-two week low of $13.31 and a fifty-two week high of $27.00. The stock has a 50-day simple moving average of $19.04 and a two-hundred day simple moving average of $19.16.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. ARMOUR Residential REIT had a positive return on equity of 15.68% and a negative net margin of 3.83%. The firm had revenue of $141.48 million for the quarter, compared to analyst estimates of $39.60 million. As a group, analysts anticipate that ARMOUR Residential REIT will post 3.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ARR shares. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th. Janney Montgomery Scott assumed coverage on ARMOUR Residential REIT in a research note on Thursday, June 6th. They set a "neutral" rating and a $20.00 price target for the company. Finally, StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus price target of $19.50.

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.