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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 15.30%. The ex-dividend date is Friday, February 14th.

ARMOUR Residential REIT has a payout ratio of 63.4% indicating that 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 Performance

Shares of NYSE:ARR traded up $0.05 during trading on Friday, reaching $18.83. 3,553,242 shares of the stock were exchanged, compared to its average volume of 2,293,414. The firm’s 50-day moving average price is $18.82 and its 200 day moving average price is $19.59. The firm 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.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain acquired 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $19.08 per share, with a total value of $47,700.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the 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 sale, the director now directly owns 363 shares in the company, valued at $6,817.14. This trade represents a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARR shares. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. Finally, JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd.

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.