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

NEW YORK ( TheStreet) -- The ex-dividend date for ARMOUR Residential REIT (NYSE: ARR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $6.92 as of 9:30 a.m. ET, the dividend yield is 18.6%.

The average volume for ARMOUR Residential REIT has been 2.3 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $600.1 million and is part of the financial sector and real estate industry. Shares are down 2.1% year to date as of the close of trading on Friday.

No company description available.

TheStreet Ratings rates ARMOUR Residential REIT as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full ARMOUR Residential REIT Ratings Report.

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