ARMOUR Residential REIT Stock To Go Ex-dividend Tomorrow (ARR)
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., the dividend yield is 13.7%.
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.
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