ARMOUR Residential REIT, Inc. (NYSE:ARR) announced the January 2016 cash dividend rate for the Company’s Common Stock and confirmed the Q1 2016 monthly cash dividend rates for the Company’s Series A and Series B Preferred Stock.
| January 2016 Common Stock Dividend Information | ||||||||
| Month | Dividend | Holder of Record Date | Payment Date | |||||
| January 2016 | $ | 0.33 | January 15, 2016 | January 27, 2016 | ||||
| Q1 2016 Series A Preferred Stock Dividend Information | ||||||||
| Month | Dividend | Holder of Record Date | Payment Date | |||||
| January 2016 | $ | 0.171875 | January 15, 2016 | January 27, 2016 | ||||
| February 2016 | $ | 0.171875 | February 15, 2016 | February 26, 2016 | ||||
| March 2016 | $ | 0.171875 | March 15, 2016 | March 28, 2016 | ||||
| Q1 2016 Series B Preferred Stock Dividend Information | ||||||||
| Month | Dividend | Holder of Record Date | Payment Date | |||||
| January 2016 | $ | 0.1640625 | January 15, 2016 | January 27, 2016 | ||||
| February 2016 | $ | 0.1640625 | February 15, 2016 | February 26, 2016 | ||||
| March 2016 | $ | 0.1640625 | March 15, 2016 | March 28, 2016 | ||||
Shares of Armour Residential R closed last Thursday at $21.76, up $0.05 or 0.23%. ARR has a 1-year high of $29.92 and a 1-year low of $19.48. The stock’s 50-day moving average is $20.87 and its 200-day moving average is $20.45.
On the ratings front, Armour Residential has been the subject of a number of recent research reports. In a report issued on November 16, Nomura analyst Brock Vandervliet reiterated a Hold rating on ARR, with a price target of $23, which represents a potential upside of 5.7% from where the stock is currently trading. Separately, on November 9, Deutsche Bank’s Stephen Laws maintained a Hold rating on the stock and has a price target of $24.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brock Vandervliet and Stephen Laws have a total average return of -4.0% and -4.7% respectively. Vandervliet has a success rate of 20.0% and is ranked #2610 out of 3648 analysts, while Laws has a success rate of 41.3% and is ranked #3390.
ARMOUR Residential REIT Inc invests in and manages a leveraged portfolio of residential mortgage backed securities. It invest in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored entity.
