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| ARMOUR Residential REIT's Series C Preferred Stock Shares Cross 8.5% Yield MarkBy Preferred Stock Channel Staff, Thursday, December 14, 2:22 PM ET
In trading on Thursday, shares of ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock (NYSE:ARR.PRC) were yielding above the 8.5% mark based on its monthly dividend (annualized to $1.75), with shares changing hands as low as $20.47 on the day. This compares to an average yield of 8.82% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, ARR.PRC was trading at a 16.80% discount to its liquidation preference amount, versus the average discount of 40.57% in the "REITs" category. The chart below shows the one year performance of ARR.PRC shares, versus ARR:
Below is a dividend history chart for ARR.PRC, showing historical dividend payments on ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock (NYSE:ARR.PRC) is currently off about 0.2% on the day, while the common shares (NYSE:ARR) are up about 2.4%.
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