ARMOUR Residential REIT, Inc. (NYSE:ARR) Announces $0.24 Monthly Dividend

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) announced a monthly dividend on Tuesday, December 23rd. Investors of record on Thursday, January 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, January 29th. This represents a c) annualized dividend and a yield of 16.4%. The ex-dividend date is Thursday, January 15th.6 Mortgage REITS: How Badly Could Rising Rates Hurt Them?ARMOUR Residential REIT has decreased its dividend by an average of 0.2%per year over the last three years. ARMOUR Residential REIT has a payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Research analysts expect ARMOUR Residential REIT to earn $4.25 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 67.8%. ARMOUR Residential REIT Stock Up 0.3%ARMOUR Residential REIT stock traded up $0.05 during mid-day trading on Wednesday, hitting $17.56. The company had a trading volume of 119,970 shares, compared to its average volume of 3,031,964. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $19.33. The business has a fifty day moving average of $16.71 and a 200 day moving average of $16.16. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 439.63 and a beta of 1.45. ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. The company had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. During the same quarter in the previous year, the company posted $1.00 EPS. Equities analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current year. About ARMOUR Residential REIT (Get Free Report)ARMOUR Residential REIT NYSE: ARR is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company's investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.Read MoreFive stocks we like better than ARMOUR Residential REITThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??End of America updateThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ARMOUR Residential REIT Right Now?Before you consider ARMOUR Residential REIT, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ARMOUR Residential REIT wasn't on the list.While ARMOUR Residential REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here