ARMOUR Residential REIT, Inc. (NYSE:ARR) Declares Monthly Dividend Yield of 18.69% Despite Price Target Cut


  • ARMOUR Residential REIT, Inc. (NYSE:ARR) invests in residential mortgage-backed securities in the U.S.
  • The company recently declared a monthly dividend of $0.10 per share with a yield of 18.69%.
  • 8 hedge funds were long on ARR in Q3 2022, with combined stakes worth $23.8 million.
ARR Dividend

Florida-based ARMOUR Residential REIT, Inc. (NYSE:ARR) is a company that invests in residential mortgage-backed securities in the United States. Despite a recent price target cut by Barclays analyst Mark DeVries, ARR declared a monthly dividend of $0.10 per share, in line with previous payments. The dividend, with a yield of 18.69% as of February 3, is set to be distributed on February 27 to shareholders of record on February 15. ARR is a top dividend name to monitor, with Israel Englander’s Millennium Management holding the leading stake in the company. 

In Q3 2022, 8 hedge funds were long on ARR, with combined stakes worth $23.8 million, indicating growing investor interest. Despite DeVries’ bearish outlook on the U.S. consumer finance sector, ARR remains an attractive option for those seeking high-yield dividend stocks.

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