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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, December 26th,Wall Street Journal reports. Investors 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 15.71%. The ex-dividend date of this dividend is Wednesday, January 15th.

ARMOUR Residential REIT has a payout ratio of 57.7% 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 Performance

NYSE ARR opened at $18.33 on Monday. The stock has a market cap of $1.02 billion, a P/E ratio of 7.77 and a beta of 1.47. The stock has a 50 day simple moving average of $18.92 and a two-hundred day simple moving average of $19.71. 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 posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping 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 firm had revenue of $127.06 million for the quarter, compared to the consensus estimate of $10.95 million. Sell-side analysts predict that ARMOUR Residential REIT will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. B. Riley raised ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th.

Insider Activity

In other news, Director Robert C. Hain bought 2,500 shares of the stock in a transaction dated 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 transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

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.