ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on November 14th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.19 per share by the real estate investment trust on Monday, November 27th. This represents a $2.28 annualized dividend and a yield of 9.42%. The ex-dividend date of this dividend is Tuesday, November 14th.

ARMOUR Residential REIT has decreased its dividend by an average of 22.5% annually over the last three years and has raised its dividend every year for the last 2 years. ARMOUR Residential REIT has a dividend payout ratio of 84.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect ARMOUR Residential REIT to earn $2.39 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.4%.

ARMOUR Residential REIT (NYSE ARR) opened at $24.21 on Monday. The company has a market capitalization of $1,013.64, a price-to-earnings ratio of 8.71 and a beta of 0.73. ARMOUR Residential REIT has a 12-month low of $20.29 and a 12-month high of $27.60.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The company had revenue of $39.64 million for the quarter, compared to the consensus estimate of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter in the prior year, the company posted $0.68 EPS. equities analysts predict that ARMOUR Residential REIT will post 2.69 earnings per share for the current year.

WARNING: “ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on November 14th” was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at

In other news, COO Mark Gruber bought 4,000 shares of the stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $25.38 per share, for a total transaction of $101,520.00. Following the acquisition, the chief operating officer now owns 19,958 shares of the company’s stock, valued at $506,534.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 4,700 shares of company stock valued at $119,411 over the last quarter. Company insiders own 1.50% of the company’s stock.

Several equities analysts have commented on the company. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Dividend History for ARMOUR Residential REIT (NYSE:ARR)

Receive News & Ratings for ARMOUR Residential REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply