Looking at the universe of stocks we cover at Dividend Channel, on 3/13/14, ARMOUR Residential REIT Inc. (ARR), Altisource Residential Corp (RESI), and Investors Real Estate Trust (IRET) will all trade ex-dividend for their respective upcoming dividends. ARMOUR Residential REIT Inc. will pay its monthly dividend of $0.05 on 3/28/14, Altisource Residential Corp will pay its quarterly dividend of $0.40 on 3/24/14, and Investors Real Estate Trust will pay its quarterly dividend of $0.13 on 4/1/14.
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As a percentage of ARR's recent stock price of $4.29, this dividend works out to approximately 1.16%, so look for shares of ARMOUR Residential REIT Inc. to trade 1.16% lower — all else being equal — when ARR shares open for trading on 3/13/14. Similarly, investors should look for RESI to open 1.35% lower in price and for IRET to open 1.50% lower, all else being equal.
Below are dividend history charts for ARR, RESI, and IRET, showing historical dividends prior to the most recent ones declared.
ARMOUR Residential REIT Inc. (ARR)
Altisource Residential Corp (RESI)
Investors Real Estate Trust (IRET)
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 13.97% for ARMOUR Residential REIT Inc., 5.41% for Altisource Residential Corp, and 6.01% for Investors Real Estate Trust.