ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Rating) announced a monthly dividend on Monday, November 21st, Wall Street Journal reports. Shareholders of record on Thursday, December 15th will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, December 28th. This represents a $1.20 annualized dividend and a yield of 21.09%. The ex-dividend date of this dividend is Wednesday, December 14th.
ARMOUR Residential REIT has decreased its dividend payment by an average of 19.3% per year over the last three years. ARMOUR Residential REIT has a payout ratio of 107.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect ARMOUR Residential REIT to earn $1.18 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 101.7%.
ARMOUR Residential REIT Price Performance
Shares of ARR opened at $5.69 on Wednesday. The firm has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $6.58. ARMOUR Residential REIT has a twelve month low of $4.38 and a twelve month high of $10.34.
Institutional Inflows and Outflows
Analysts Set New Price Targets
ARR has been the subject of several research reports. B. Riley decreased their price objective on shares of ARMOUR Residential REIT from $8.50 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, October 25th. StockNews.com upgraded shares of ARMOUR Residential REIT to a “sell” rating in a report on Friday, October 28th. Finally, Credit Suisse Group decreased their price objective on shares of ARMOUR Residential REIT to $5.50 in a report on Thursday, October 13th.
About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.
- Get a free copy of the StockNews.com research report on ARMOUR Residential REIT (ARR)
- After Nixing its 13% Dividend, Is Lumen Technologies Okay To Own?
- Cisco Systems Hopes Restructuring Cuts Costs to Drive Revenue
- The Sell-Side Caps Gains In Dick’s Sporting Goods
- Want to Get a 10% Dividend Yield, Look Here
- Stock-ing Stuffers: 3 Attractive Stocks Trading Around $10
Receive News & Ratings for ARMOUR Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.