ARMOUR Residential REIT Stock To Go Ex-dividend Tomorrow (ARR)

NEW YORK ( TheStreet) -- The ex-dividend date for ARMOUR Residential REIT Inc (NYSE: ARR) is tomorrow, August 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $7.47 as of 9:30 a.m. ET, the dividend yield is 20.5%.

The average volume for ARMOUR Residential REIT has been 3.2 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $227.1 million and is part of the financial sector and real estate industry. Shares are down 3.1% year to date as of the close of trading on Tuesday.

No company description available. The company has a P/E ratio of 5.5, above the average real estate industry P/E ratio of 5.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ARMOUR Residential REIT as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and generally weak debt management. You can view the full ARMOUR Residential REIT Ratings Report.

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