ARMOUR Residential REIT, Inc. (NYSE:ARR) Updates On Dividend Release Date


On 2016-07-29, ARMOUR Residential REIT, Inc. (NYSE:ARR) confirmed the dividend disbursement of $0.22 a share to shareholders as on record 2016-09-15. The firm will release dividend on 2016-09-27 while ex-dividend date is reported to be 2016-09-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, ARMOUR Residential REIT, Inc. (NYSE:ARR) paid a total of $0.22 per share in dividends. This figure stood at $0.22 a share in the same period a year ago indicating a deviation of -18.9584%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $21.387 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $23.75 and $19, respectively.

Taking the mathematical rating formula, the price for ARMOUR Residential REIT, Inc. (NYSE:ARR) stands at 3.75. Earnings Review ARMOUR Residential REIT, Inc. (NYSE:ARR) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-04. For the period ending on 2016-09-30, experts are expecting EPS of $0.62.

Coming to the quarter ending on 2015-12-31, ARMOUR Residential REIT, Inc. (NYSE:ARR) recorded EPS of $0.63. The reported numbers came lower than the analysts’ estimates of $0.7, demonstrating a miss of $-0.07 as against reported figures.

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