ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, December 26th, Zacks reports. Investors of record on Tuesday, January 16th will be paid a dividend of 0.19 per share by the real estate investment trust on Monday, January 29th. This represents a $2.28 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date of this dividend is Friday, January 12th.

ARMOUR Residential REIT has decreased its dividend by an average of 22.0% annually over the last three years and has increased its dividend every year for the last 3 years. ARMOUR Residential REIT has a 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 decline. 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%.

Shares of ARMOUR Residential REIT (NYSE:ARR) opened at $23.84 on Tuesday. ARMOUR Residential REIT has a 1 year low of $20.81 and a 1 year high of $27.60. The company has a market cap of $998.15, a P/E ratio of 4.71 and a beta of 0.74.

Separately, Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.

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About ARMOUR Residential REIT

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)

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