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Armour Residential cuts monthly payout by 28.5%.

  • Armour Residentail (NYSE:ARR) cuts its monthly dividend by $0.02 to $0.05 per share. Annualized, this is a 13.7% yield based on last night's closing price of $4.37.
  • Shares -2.5% premarket to $4.26.
  • Press release.

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ARMOUR Residential REIT, Inc.