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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid 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 dividend yield of 15.30%. The ex-dividend date is Friday, February 14th.

ARMOUR Residential REIT has a payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. 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 Up 0.2 %

ARR stock traded up $0.05 during trading on Friday, hitting $18.83. The company had a trading volume of 3,553,242 shares, compared to its average volume of 2,293,414. ARMOUR Residential REIT has a 1-year low of $17.35 and a 1-year high of $21.93. The firm has a 50-day moving average price of $18.82 and a 200-day moving average price of $19.59. The firm has a market cap of $1.05 billion, a PE ratio of 7.98 and a beta of 1.47.

Insiders Place Their Bets

In other news, Director Robert C. Hain sold 2,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total value of $45,175.00. Following the sale, the director now directly owns 6,793 shares in the company, valued at $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, the director now owns 363 shares of the company’s stock, 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 company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ARR shares. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. Finally, JMP Securities reiterated 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.