Key Highlights

  • ARMOUR Residential REIT (NYSE:ARR) pays USD 0.24 per share, with an ex-dividend date of October 15, a payment date of October 29 and a screen yield of 21.19%.
  • ARMOUR Residential REIT confirmed on October 1 a monthly common dividend of USD 0.24 per share for October, payable October 29 to holders of record on October 15, unchanged since at least January 2026.
  • The monthly rate annualizes to USD 2.88, the screen's 21.19% yield implies a price near USD 13.59, and the stock traded near USD 13.69 with a market value of USD 1.924 billion.
  • The REIT is externally managed, trailing EPS is USD 4.06, a P/E near 3.35, and third-quarter results are expected on October 28.

Dividend Details and Latest Updates

ARMOUR Residential REIT, a mortgage REIT investing in agency mortgage-backed securities, gave guidance on September 24 and confirmed on October 1 an October 2026 common dividend of USD 0.24 per share, payable on October 29 to holders of record on October 15. The company has paid USD 0.24 per month in January, July and October 2026, and it also pays a monthly dividend of USD 0.14583 on its Series C preferred stock. Management reiterated that dividends are at the board's discretion and depend on results, cash flows, capital requirements and market conditions, within REIT tax rules.

Coverage, Yield and the Data

The USD 0.24 monthly dividend annualizes to USD 2.88, and the screen's 21.19% yield implies a price near USD 13.59, simple arithmetic, close to the USD 13.69 quoted on a data page. Trailing EPS is USD 4.06 and the P/E is about 3.35, so reported earnings cover the USD 2.88 dividend about 1.4 times, simple arithmetic, though mortgage REIT earnings swing with interest rates. Third-quarter results are expected around October 28, analysts' targets average about USD 18.38, and the stock is valued at USD 1.924 billion. September CPI came in hotter than expected on October 14, the 10-year Treasury yield rose to about 5.28%, and investors worry the Fed could raise rates again on October 27 and 28, which matters for income stocks. The payout goes ex-dividend on October 15 and is paid 14 days later on October 29, so only holders who own the shares before the ex-date receive it. Annualized at 12 payments the dividend is USD 2.88, and the screen's yield of 21.19% implies a share price near USD 13.59, simple arithmetic. Each USD 0.24 payment equals about 1.77% of that implied price, which is roughly how far the stock may adjust on the ex-date.

Risks and What to Watch

Mortgage REIT book value and dividends depend on interest rate and spread volatility, and a rate shock can force a cut. What to watch next: book value per share at the October 28 results, spreads and any dividend change. This is information only and not investment advice.

Where Things Stand

Dividend investors should weigh yield against coverage, because a high yield can signal market doubt as easily as value. ARMOUR Residential REIT (NYSE:ARR) is in focus because of a very high monthly yield tied to mortgage spreads. An ex-dividend date is mechanical, so the share price typically adjusts down by about the payout, and the balance of evidence favors checking coverage before acting. Direction remains unknown, and the next catalyst is book value per share at the October 28 results, spreads and any dividend change. Check the underlying filings first, verify the latest filings before acting, and treat the figures as a snapshot.