ARMOUR Residential REIT, Inc. recently announced that it will be paying a monthly dividend of $0.24 per share to its shareholders. This dividend will be given to shareholders of record on December 16th, and it will be paid out on December 30th. With an annualized dividend of $2.88 and a yield of 15.22%, ARMOUR Residential REIT has a dividend payout ratio of 69.2%, indicating that the dividend is adequately covered by earnings.
Equity research analysts are optimistic about ARMOUR Residential REIT’s future earnings, expecting the company to earn $4.00 per share next year. This forecast suggests that ARMOUR Residential REIT will be able to maintain its dividend payout with an expected future payout ratio of 72.0%.
On the trading front, NYSE:ARR saw a 0.7% increase, trading at $18.92 on Friday. The stock has a 52-week low of $17.35 and a high of $21.93, with a 50-day simple moving average of $19.43. The company has a market capitalization of $1.05 billion, a P/E ratio of 7.96, and a beta of 1.51. In its most recent earnings report, ARMOUR Residential REIT exceeded expectations, reporting $1.00 earnings per share for the quarter.
In terms of insider activity, Chairman Daniel C. Staton recently acquired 10,000 shares of ARMOUR Residential REIT stock, while Director Robert C. Hain purchased 2,500 shares. These insider transactions indicate confidence in the company’s performance and future prospects.
Analysts have varied opinions on ARMOUR Residential REIT, with some upgrading the stock from a “sell” rating to a “hold” rating. Overall, the company has an average rating of “Hold” and an average price target of $19.83.
ARMOUR Residential REIT invests in residential mortgage-backed securities in the US, focusing on securities issued or guaranteed by government-sponsored entities. The company’s portfolio includes a mix of fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the government.
For investors looking to generate income with their stock portfolio, ARMOUR Residential REIT’s monthly dividend payout may be an attractive option. Despite the fluctuating market conditions, the company’s solid earnings performance and dividend coverage indicate stability and potential for growth in the future.
