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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for ARMOUR Residential REIT (NYSE: ARR) is tomorrow, January 11, 2013. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $7.01 as of 9:31 a.m. ET, the dividend yield is 13.7%.

The average volume for ARMOUR Residential REIT has been 7.5 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $2.16 billion and is part of the financial sector and real estate industry. Shares are up 8.2% year to date as of the close of trading on Wednesday.

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 6.9, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates ARMOUR Residential REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full ARMOUR Residential REIT Ratings Report.

See our dividend calendar or top-yielding stocks list.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

A Portfolio of Fixed Income, Pass Throughs and Small Caps

These 3 Excellent Income Stocks Have Dividend Yields of Up to 12%

What To Sell: 3 Sell-Rated Dividend Stocks NGL, BNS, ARR

What To Sell: 3 Sell-Rated Dividend Stocks NGL, BNS, ARR

What To Sell: 3 Sell-Rated Dividend Stocks NGL, QUAD, ARR