Is armour Residential REIT (ARR) a good dividend stock?

On July 23, ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend of $0.24 per share, which was in line with its previous dividend. Overall, the company holds a 14-year streak of consistent dividend payments, which makes ARR one of the best dividend stocks on our list. The stock has a dividend yield of 14.47%, as of August 16.

How did armour Residential REIT perform in Q2 2024?

ARMOUR Residential REIT, Inc. (NYSE:ARR)’s portfolio remained robust in the second quarter of 2024, with its Agency MBS portfolio amounting to $8.9 billion and TBA Agency Securities totaling $1.2 billion. Net repurchase agreements reached $7.1 billion.

What is armor Residential REIT?

About ARMOUR Residential REIT, Inc. ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association.