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ARMOUR Residential REIT (ARR) declares $0.09/share monthly dividend for the month of Oct, Nov....

ARMOUR Residential REIT (ARR) declares $0.09/share monthly dividend for the month of Oct, Nov. and Dec, 10% decrease from prior dividend of $0.10. Forward yield 14.3%. Shares -0.4% premarket. (PR)
Comments (9)
  • Stephen712
    , contributor
    Comments (33) | Send Message
     
    All of the good news with interest rates staying low and then this has to happen. Stop-Loss at $7
    14 Sep 2012, 08:35 AM Reply Like
  • oskar96
    , contributor
    Comments (96) | Send Message
     
    Still way better than any bank pays
    14 Sep 2012, 08:36 AM Reply Like
  • SaltyDog62
    , contributor
    Comments (738) | Send Message
     
    2 days and 2 of my mreits decrease div by 10% ARR and TWO, but share price keeps going up? Not sure what to think. I guess NLY is next....
    14 Sep 2012, 10:11 AM Reply Like
  • brokerbob
    , contributor
    Comments (17) | Send Message
     
    I have been doing much better playing the Cap Gain with ARR and forgetting about the Dividend
    14 Sep 2012, 11:04 AM Reply Like
  • Stocklord
    , contributor
    Comments (9) | Send Message
     
    me too!
    14 Sep 2012, 11:41 AM Reply Like
  • cwbamber
    , contributor
    Comments (23) | Send Message
     
    Just added more ARR to my portfolio in anticipation of the dividend, so seeing it reduced is a bit disappointing. But on the bright side, it is still outperforming many other investments, including other REITs!
    14 Sep 2012, 11:05 AM Reply Like
  • Gremlin7
    , contributor
    Comments (4) | Send Message
     
    I sold my ARR before the dividend announcement in speculation that they would lower it since the Cash/Share was decreasing. I'm planning to get back in if they have another offering of shares. Can't beat a 14% dividend! Keep an eye on the financials. This past quarter they lost money. You would think with all of the share offerings they would be putting the capital to good use.
    18 Sep 2012, 12:56 AM Reply Like
  • Stephen712
    , contributor
    Comments (33) | Send Message
     
    I considered selling but instead just put the stop-loss at $7 because my buy in was at $6.80. Glad I didn't sell now as the new stim package news seems to have outweighed the dividend cut for ARR. I'm quite happy with the yield still as any owner should be. Just needed to protect the initial capital with the stop-loss.
    18 Sep 2012, 08:36 AM Reply Like
  • RobRay
    , contributor
    Comments (25) | Send Message
     
    I hope that you are aware that a stop loss set at $7 does not guarantee that your shares will sell at that price. In order to insure a $7 sell price (or no sale) you would specify a sell stop limit. I think sell stops without a limit resulted in the flash crash of AGNC a few weeks ago. Many stockholders got stopped out well below their trigger price only to watch the price resume it's uptrend to new highs. Be careful with stop losses without limits!
    18 Sep 2012, 09:40 AM Reply Like
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