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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be given 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 yield of 15.30%. The ex-dividend date is Friday, February 14th.

ARMOUR Residential REIT has a dividend payout ratio of 63.4% meaning 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 Stock Up 0.2 %

NYSE ARR traded up $0.05 during trading hours on Friday, hitting $18.83. 3,544,270 shares of the stock were exchanged, compared to its average volume of 2,292,944. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 7.98 and a beta of 1.47. ARMOUR Residential REIT has a 12-month low of $17.35 and a 12-month high of $21.93. The stock has a 50-day moving average of $18.82 and a 200 day moving average of $19.59.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Robert C. Hain purchased 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were bought at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the acquisition, the director now directly owns 9,023 shares in the company, valued at $172,158.84. This trade represents a 38.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction on Tuesday, December 31st. The shares were 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 owns 363 shares in the company, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

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.