ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) announced a monthly dividend on Tuesday, February 11th, Wall Street Journal reports. Stockholders 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 dividend yield of 15.31%. The ex-dividend date is Monday, March 17th.
ARMOUR Residential REIT has a payout ratio of 76.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect ARMOUR Residential REIT to earn $4.25 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 67.8%.
ARMOUR Residential REIT Price Performance
ARR stock opened at $18.81 on Friday. The company’s 50 day simple moving average is $18.77 and its 200-day simple moving average is $19.27. The firm has a market capitalization of $1.89 billion, a PE ratio of -43.75 and a beta of 1.53. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on ARMOUR Residential REIT
Insiders Place Their Bets
In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the firm’s 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 directly owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
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.
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