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, July 11, 2013. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $4.38 as of 9:30 a.m. ET, the dividend yield is 19.5%.

The average volume for ARMOUR Residential REIT has been 8.1 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $1.61 billion and is part of the financial sector and real estate industry. Shares are down 33.5% year to date as of the close of trading on Tuesday.

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.

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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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full ARMOUR Residential REIT Ratings Report.

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