NEW YORK ( TheStreet) -- The ex-dividend date for ARMOUR Residential REIT (NYSE: ARR) is Monday, August 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $7.49 as of 9:30 a.m. ET, the dividend yield is 16.1%. The average volume for ARMOUR Residential REIT has been 7.7 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $1.74 billion and is part of the financial sector and real estate industry. Shares are up 5.7% year to date as of the close of trading on Thursday. ARMOUR Residential REIT, Inc. is a real estate investment trust launched and managed by ARMOUR Residential Management LLC. It invests in the real estate markets of the United States. The company has a P/E ratio of 53.2, above the average real estate industry P/E ratio of 16.9 and above the S&P 500 P/E ratio of 17.7.